We do a lot of work in flood zones and from what I've heard regarding "stilts"(we call them pilings) is you're looking at 20-30k extra over a traditional slab with a crawl space....Most of our footings are within a couple feet of sea level so we've never needed pilings but if you're indeed that deep you defintiely can't pour a footing on top of muck.....The other concern is flood insurance - the lower your first floor elevation the higher the flood insurance - I'd imagine if your first floor is under 10' the insurance would be astronomical.....your best bet is to talk to an engineer, get a survey, and go from there.

If a tenant wants title coverage for a lease-hold interest, they buy it, generally not done, except in a long term lease where a tenant may have such concerns. 

The time and skills issue really does not concern the business itself, other than who is going to run/manage the business.

Hi Vince,It seems like you have done your math... are you unsure of taking the deal because you are concerned that it will not rent without a garage?

I'm sure I can get at least a few under contract  however, I'm concerned about buyers.  

But Realistically My biggest concern is having to Get / Pay a EPA compliance company to come in and tell me everything is OK or wether some type of Remedial work needs to be done to be in compliance before the project even begins . 

Yes, the junior lien holder was wiped out but she has the rights of the junior lien holder as far as a payoff is concerned and ability to gain relevant pertinent information on the senior lien.

Meet them at the property for the next inspection and let them know what your concerns are.  

I am concerned on impact on owner neighbors and myself when I decide to sell one of the 3 units in a couple of years maybe.

@George P. nice job, I dont share the concerns that Anthony and Jay have raised.