They steal stupid stuff like people's flip flops. they party late into the night on weekdays. they behave as if residents are there solely to facilitate their good time and buttonhole them for information and directions when they're out walking their pets. they tailgate at the beach access because the hosts are too cheap to pay the association dues. they trespass on resident's property to fish and sightsee then become belligerent when asked to leave. etc etc etc.It really does degrade the character of the neighborhood and the experience of living here during the high season.  

They should have gone through it with you just after they did the inspection and walk through the property with you.A lot of the inspectors use standard forms which makes for a lengthy report most of it with filler. 

After walking through the property with the current owner he told me the Furnaces are original from when he bought it.

I am thinking we as landlords can do the following but I am not even sure if that is enough to get landlords off the hook if a gas explosion does happen:- hire a licensed plumber to inspect for gas leak and gas pressure on an annual basis-install a gas leak detector or alarm in the rental unit-spell out in lease agreement that tenant is prohibited from removing the gas leak detector and tenant must notify landlord immediately if at any point the detector stops working-do semi annual walk through inspection of the rental unit to make sure the gas leak alarm stays installed and is working properly and that the gas stove is working properly.Is there anything else we as landlords can do to minimize our exposure to being sued in the event of a gas explosion in the rental unit ?????  

I'm interested in learning about the pros and cons of accepting the sellers terms and getting is legally decommissioned or walking away from the deal if the risk of buying the property with the underground oil tank is too great. 

Make sure you walk every unit with an inspector and get ALL the paperwork. 

The agent will walk you though the process and should look after your interests including negotiating on your behalf. 

Low down payment loans are to promote home ownership and less risky since a homeowner won’t walk away from a house as readily as an investor. 

If you can walk away even and avoiding court, it is all the better for you and your partner.

Its walking distance from a part of town that is being heavily developed with new restaurants hotels and big office/warehouse buildings so I see really good potential.