Building permit(s) are required for installations subject to building code(s) and the installation will need to comply with the minimum requirements.

Are you going to sit back, clam up, pretend you're innocent, stick your head in the sand, hope it all goes away, let this whole thing unfold, let the lawyers and receivers take most of the assets in fees?

Also check out the posts concerning apprasials and how they do their walk through's.There is so much information here that you should not have to pay for any guru's course(s) and you will get more complete information than they usually put out.

Home does need a little cosmetics/minor rehab work to it (kitchen, sanding hardwood floors, 1/2 finished basement, etc.)

It was certainly possible to sell books buy mail in the 70's, and people did it, but that didn't threaten the corner bookstore until technological changes brought it to scale.I don't think Realtors will disappear.  

Invest it in  coastal Orange County real estate.

And or if it was a land deal the elderly couple would need to bring a blood relative of sound mind or an attorney to the closing so our Escrow closer could verify this seller knew what they were doing.I had one small parcel that I built 25 homes on in the mid 90's the Hertles were in there 80's and I explained very clearly that we were going to pay cash for the property and how escrow worked..

In fact we used a small stone sand blaster to clear it off limestone block walls in some of the very old homes we rehabbed.

High 600's and no cash in the bank probably isn't going to work.If you do go this route, expect to have to pay about 15% interest on the HML for a year, along with several points up front.

A previous owner has poured sand into the tank so it's apparently better to remove than to try to decommission this tank.I've had a couple of other investors tell me they stay away from oil tanks.