But Realistically My biggest concern is having to Get / Pay a EPA compliance company to come in and tell me everything is OK or wether some type of Remedial work needs to be done to be in compliance before the project even begins . 

Yes, the junior lien holder was wiped out but she has the rights of the junior lien holder as far as a payoff is concerned and ability to gain relevant pertinent information on the senior lien.

Meet them at the property for the next inspection and let them know what your concerns are.  

I am concerned on impact on owner neighbors and myself when I decide to sell one of the 3 units in a couple of years maybe.

@George P. nice job, I dont share the concerns that Anthony and Jay have raised.

I would "let sleeping dogs lie though" Lol ;) I would be more concerned with the fact that they got a 2nd dog without consulting you for approval first

Hi Leo, as far as the ground wire is concerned, just pull one of the non grounded receptacle plates off and loosen the receptacal enough to see behind it (Cut the breaker first unless you like to challenge the gods like me) and see if the wire going to the back of it has a bright copper bare wire.

The major thing that concerns me is the age of the central electric system, hearing system and water heaters which are all 15 years old.  

All that you need to be concerned today is if this is a formal probate with a PR who has the power to sell now.

As far as a business is concerned, both interest and depreciation are considered expenses, and thus offset net income.