If you feel it was converted was it converted properly?

Thanks so much for the input,guys.I would insist on proper soil testing be done for sure, and it sounds like having the seller install an above ground tank may be the simplest way to resolve the issue once the UST is removed.

Just get good insurance, maintain it properly, sleep well.

., where I can convert the lower level into a proper English basement.  

Its all out there, take a look at how different markets reacted.

I use ceramic it's strong (if installed properly), durable, and cheap.

Having proper grammar in your profile along with a photo is crucial if you expect the best possible results.

(sometimes longer than you might expect), for their name to appear below where you're writing, then be sure to click on it.IF it doesn't have their name highlighted in a blue background (like yours is above) it didn't work properly and you should try again.

We have an accountant helping with our taxes this first year so that we get all of the depreciation, etc. set up properly going forward.We bought the home in 1997 and since that original purchase have made a dozen or so improvements (prior to moving and making it available for rent).

Frank Gallinelli's great book "What Every Real Estate Investor Needs to Know About Cash Flow" got me thinking about how to properly account for replacement reserves in rental properties.