I take dilapidated houses that destroy the value of neighborhoods and attract undesirable elements to a neighborhood, make them nice, add modern amenities, and rent them out to decent people at a fair price that is usually slightly/somewhat below market rates.

For example, where a duplex or quad can secured with standard residential financing, a medium sized apartment block will require things like environmental assessments, etc... 

For example, if a Republican governor or President rolled back an environmental regulation to spur business, would it be right to accuse that leader of trying to destroy the planet?

But again, I'm a noob and I'm way out of my element right now.So she sent me a listing the other day and it fits my needs.

I am also very concerned with environmental factors inside the home due to the known water damage.

Was there anything particularly unusual about the deal such as a phase 2 environmental etc?.

The element of net cash flow sheltered by tax depreciation can be typically reinvested without immediate taxation, the remainder typically cannot.

An important element for me as someone just starting out is price point. 

I usually give the seller 7 business days to provide items.1.Any Permits and Licenses2.Certificates of Occupancy3.Existing Surveys or Environmental Reports4.

I would be completing Phase I Environmental Site Assessments as required by the lenders, and also mold, lead, radon, and asbestos testing as other service options.