The indivual cities are more interesting than the composite: CNN: Home prices fall at record pace The southwesth has been hit hard- Phoenix, Vegas, and LA are tanking.

Is it a tankless or a traditional hot water storage tank?

Find out what the zoning is, which will also give you details about the size of road frontage that's required for that zoning (maybe 50' width, maybe 100' width - can vary).So, for example, if this is a property without road frontage and with just and access road, that might be an easement of another lot, that can make a difference.Does the house have city water/sewer/septic tank/well water?

Hi BP,I'm looking at a HUD property with BURIED OIL TANK and may also need MOLD Remediation in the garage and another room.My bigger concern is potential Oil tank leaks and soil remediation that can run thousands of $s.

While there is tons of money to be made in our Seattle market, it's a fairly shark-infested market when it comes to cash offers and finding value. 

Three of them told me to replace the boiler as well as all of the hot water tanks.

You mean when the market tanked initially?

Hello BP I have a question about underground oil tank.

It doesn't exist.It's a shark tank out there and there's a reason that almost 90% of new agents are toes up in the parking lot within their first 5 years in the business.So as you go into this business, go in with your eyes wide open. 

Things can go wrong if the market tanks, vacancies and capital expenditures come up that they don't have the cashflow(from income or other sources) to maintain, etc.On my investments, it's a requirement that it cashflows $150/door with whatever financing I have in place.