I appreciate the walk through. 

Because of a surprise horror I encountered medically I became crippled about 7 year ago and i do not work or walk that occured when I was 54 and I've been bedridden ever since but I have been learning much on the Internet, 7 days a week, and read a book about every two weeks. 

My question:Any property I've purchased in the past was an MLS listed property and I had a realtor walk me through the process. 

@Elijah FastYour lender and possible your insurer will require a Phase 1 assessment .... this is predominately a visual inspection and paper exercise (costing anywhere from $750 - $2500) with the objective of discovering any potential contamination of the property (or demonstrating that there is none).An abandoned underground storage tank (UST) is something which should be disclosed by the vendor (it appears that it has been in this instance), but it is an example of the sorts of things a Phase 1 ESA looks to discover.Depending on the results of the Phase 1, you may very well be requested to continue with a Phase II ESA.Having a Phase 1 lets you know what you are walking into ... which is why lenders want them.  

Andrew I believe have a local Broker that  may be a good fit for your situation.

the current arch review committe is not approving building plans that fit under the recorded covenants. 

Lastly, is there any contingency if you win the bid that allows you to do an inspection or at a minimum walk the property prior to getting legally bound to a sale?

I am big on firing tenants if they don't fit my business model!

That's why in this live webinar, Brandon Turner (co-host of The BiggerPockets Podcast) is going to help you get your "train" moving by walking you through the necessary steps to buy your first, second, or third rental property - to build your momentum for a life of financial independence!

@Daniel GonzalezI can definitely see where you are coming from, my wife and I went to see this duplex with two incredible older tenants paying undermarket rent, we ended up walking away from it as we don't have the stomach to owner-move in and kick out either one of them..