Avoiding major grading.City political structure that is conducive to reasonable subdivision map timing and conditions of approval.Market conditions that provide sufficient demand for lot sales and/or home sales to support the lot sales.No environmental issues, or toxic soilsNo biological issues such as endangered birds, bees, butterflies, salamanders, lizards, owls, or anything else that may be or could someday become endangered.No wetlandsNo blue line streams, or any involvement from the Army Corps of Engineers.No major flood control or drainage requirements.

I'm having a hard time finding holes in this deal; can someone poke holes?

If this is the first time, I wouldn't go down this rabbit hole.

Especially without a lawyer.Send me the $3000 if its burning a hole in your pocket!

Patched holes in the walls, not much attention to flooring, from lawn has occasional tire tracks, etc.

Am I going down the correct rabbit hole?

As I said, we've read a lot and have a fair amount of textbook knowledge, but I think one hole I have is in deal analysis.

Well I'm figuring on continuing to collect  the cash flow from my debt free rental portfolio, rat holing all the extra cash I can and picking off  some additional properties while the over leveraged in our midst try to figure out where all of the net worth went.

Pump the remaining oil into the 275 tank .Then on a weekend have someone with an backhoe dig up the old tank and haul it away and fill the hole .

You can always have it graded or sloped to have water run on the street towards drainage.