Experience can be the difference in structuring a deal to make it work and ultimately acquiring the property successfully.

However they haven't had any other offers and it has been on the market for roughly 70 days.At the accepted offer rate our mortgage would estimated be:Year 1 - $5231Year 2 - $5750Year 3-30 - $6292Each of the 3 units would rent for an estimated 2-2.5k totaling roughly 6k-7500 per month in income depending on what we can rent each unit for.So with all that being said, conservative numbers the triplex would cashflow roughly 1k per month assuming we don't live in it and have all 3 Units rented.That seems like razor thin margins, especially when factoring in expenses so my question is:What is the cash on cash net return per month you would look for in a triplex deal like this?

Any direction you can provide to locate deals, and advice on the area in general would be greatly appreciated.

But I have investors that bought properties with me pre 2020 and their properties have all gone up in value 30-40% so you never really know what external factors can positively or negatively affect each market.But even though prices have slightly gone up in this area, there are still a lot of good deals to be had, depending on what types of properties you're looking for and the type of neighborhood you're looking to invest in.  

Here are some potential steps and considerations for your friend in dealing with this issue:Steps to TakeConsult with an Attorney: It is crucial to seek legal advice from an attorney who specializes in real estate law.

It's all about land deals.

I'm looking for advice from the folks that find these kinds of deals all the time, and how best to proceed.  

I've done a fire damage deal. 

Now you need to figure out how to find deals and pay for them.

As for any oil tank, if they're leaking oil into the ground then yes you have an environmental issue to deal with.