It’s long been a soft goal of ours to someday own this building and restore this landmark as its been vacant for decades, but as previously mentioned we’re very green and are currently only just building out the SMF portion of our proprietary holdings.

But if the contractor doesn't have a completely clean record, I wouldn't take on that risk and give up a large portion of your profits. 

In such cases, the local fire marshalls may have authority. some jurisidictions require tanks to be cleaned out and filled with sand or other inert substance. some require sampling. you can check with the local fire marshall without identifying the house.Again, you should find out why the tank is not used. if its because the seller no longer occupies the house, then the tank may still be able to be used. sometimes, owners decide to put a tank in the basement. you should find out if it is truly an abandoned tank or just temporarily inactive because the seller is not using the house....  

Leverage 75% LTV, buy $2M in multi-family class B/C needing lipstick to max the rents, stabilize for one year of clean operating expenses, cash-out refi, wash, rinse, repeat.

Especially considering managing the listings, bookings, supplies, cleaning, etc. 

I am in the bowling green, KY market and the Chicago market.

He had a clean credit and background check, although he didn't actually have much credit, but his score was 700+.

We have head our heads buried in David Greene's BRRRR and Long Distance REI books and wanted to reach out to the community here to connect.

Don't get me wrong, many things to learn from this n that, I love @David Greene, @Brandon Turner and the like but wayyyy to many expect it to be like buying a McDonalds franchise; just buy xyz book/program/mentorship and now count the money that rolls in, no it's not like that at all, and I call out all the "guru" programs that promise such for the snake oil salesman they are. 

How will you handle turnover inspections and cleaning?