Money well spent and applies to other asset classes. 30 days is standard but if issues come up definitely alright to extend because you don't want to just start ordering environmental or septic inspections which can be expensive without clearing the duie diligence you can at no cost.

We're bidding in Michigan where all prior liens are excused in a tax deed auction, with limited exceptions such as IRS and environmental liens.

I renovated keeping the current footprint and it worked out well for me.I think right now I have been smart and lucky.

The levels are fairly high levels but based on the environmental consultant probably did not include manufacturing just contamination from heavy use via smoking. 

With some programs, even land with environmental issues still counts.

In my experience, Erie has some of the best rates in their operating footprint.

You need to worry about environmental contamination, illegal dumping next to the gas station over the years, and leaking of gas tanks.It doesn't matter who caused the contamination the EPA will make the current owners clean It up.If it's a new build the seller should have a phase one completed on the land.

The liability with providing "clean water" and the potential environmental costs with a septic system makes the risk much higher even on a great cashflow deal.  

I would even spend a few dollars on grading the soil and maybe even get a few test done, environmental and feasibility study..But yes I wouldn't do it alone.. no way

It would be environmentally insane not to build more housing near transportation hubs that could get the workers to these new jobs without adding tons of traffic to our streets.