Can you skip Survey and/or Phase I environmental study?

[Jerry Zhao]

This is our first mobile home park purchase and we are doing due diligence following the workbook from boot camp.

When we asked the seller for a copy of the survey and environmental study, the sellers agent said they did not do it when they purchased the park a few years ago and they also did not get it from the previous owner.

Some agent said these two items are not required by bank so it is not necessary. However, I am concerned.

Based on your experience, can I skip these two items?

A few facts:

1. The bank did not required either Phase I or Survey.
2. We have purchased a couple of apartment complexes and many single family, 4 plex, tri-plexes, we have never done any of these two. (Phase I or Survey). What makes mobile home park special (compared to apartment and houses).
3. The park is located in a central area surrounded by shopping, houses and other mobile home parks.

[Jay Hinrichs]

@Jerry Zhao  PS all the phase 1's I have done have been between 1,500 and 2,000...