Usually, only heating oil USTs associated with commercial properties are regulated. thus, most home heating oil tanks may and often are taken out of service without any oversight from state regulators.Second- the rules that are in effect for heating oil tanks are usually less stringent than for diesel or gasoline tanks since heating oil tends to thicker and may not migrate as far. as a result, many states just require tanks to be cleaned out. they may also require the tanks to be filled with sand or concrete to prevent collapse. but sampling may not be required.Third- the key to determining if a tank has leaked is to collect soil samples from around and beneath the tank (groundwater also if groundwater is shallow). another quick way to see if a tank is leaking is to "dip" it with a stick that has a paste that turns color in the presence of water. generally, if water has gotten into a tank, it can mean oil has leaked out of the tank (although a certain amount of condensation may be present even where there is no leak so this is not a infallible test).Fourth- if there is currently a tank in the basement, ask the owner if there used to be a buried tank (a/k/a underground storage tank).Fifth, If the tank has impacted the soil, the cleanup generally varies from $25K to $50K though the costs will depend ont he depth of the contamination. i once had a home with a heated pool that had pressurized piping and used diesel. the contamination went down 40 feet and the consultant went crazy excavating the soil to the tune of $400K!!!

It seems like all of us are struggling to some degree. 

I have a 2 family in elmhurst that pulls great rents (1200 for a 2BR with no utils included) and I didn’t have to pay the big price tag associated with the East Side. 

From what I understand from associates in the industry, they have problems with hackers getting access and listing the property on craigslist.  

I have always found title companies directly associated with a law practice to be more thorough and therefore better than the independents.  

A licensee acting as an agent in a real estate or business opportunity transaction may not accept any fee or compensation related to the transaction from any person, other than the licensee's client, principal firm, or firm the licensee is associated with without prior written consent from all parties to the transactionI take full responsibility of not knowing this law.

I've been having many one-off conversations on this topic with colleagues, associates, and clients, especially as of this week.

I am a current college student who will graduate this May with a business management degree.

California Association of Realtors (C.A.R.) has been excellent in giving Addendums and all pertinent information; i.e. how each Calif county/local area classifies Realtors in terms of "Essential", etc.   

Are there other fees in your area associated with owning rental property, such as licenses or HOAs.