A buried oil tank can cost 700 dollars to just remove, and over $100,000,- to remedy a leak over 30 years."

There are always opportunities in every market, you just have to put in the time and effort and you can find that perfect investment that matches your goals.

@Jeff Kehl this makes perfect sense since the units still are worth something even if they are vacant.

The perfect person would be able to not only prepare the tax returns, but offer guidance and advice throughout the year.

@Michael Badin broke it down to the perfectly.  

This actually worked out perfect for me as I was trying to create some capital by flipping the asset so I could buy another multi-family property.

You being on island would be a perfect setup to self manage.

The property has a well with a water tank for water. should i get a rough measurement of the acreage available?

So I'm on both ends of the spectrum.I'm not a Vegas fan as the prices there have skyrocketed now, but even when the prices were advantageous, I have never liked the fact that the primary industry there is entertainment--which is the first industry to tank in a recession.

Interest only payments at the moment suck but will have it refinanced out asap after I file taxes*Cost on a per month basisInvestors: 1832Vacancy/Capex/Maintenance (I self manage): 1000PITI: 2450Utilities: 475Now this wasn't a perfect deal. again I was 25k over the budget and 6 weeks behind schedule after all was done.