Is it dangerous to buy auto garages?

[Phillip Martz]

I've been hearing alot about phase 1 phase 2 environmental studies. It has me worried about buying shops and garages which is what I want to do. I have an opportunity to bid on a property that was used as an auto shop but it will have to be a cash purchase, so no enviro study required. Is it a bad idea to buy something like that without the study which costs $5-7,000?

[Scott Wolf]

Quote from @Phillip Martz:

Thanks but I'm really talking about paying cash for it and not getting the phase 1. What's the potential danger if I do this?

 The potential danger is getting stuck with an environmental clean up that could cost hundreds of thousands of dollars.