The property is vacant, needs extensive repair, or there may be environmental, location, or structural issues.

Account Closed Why would you need an environmental study? 

I am looking for a contractor who understands building a house with environmentally, non toxic, chemical free materials.

For financials, you require the seller to give you the certified rent roll, past 2-3 years of P&L, current T-12, all contracts, surveys, environmentals, lien waivers, tax statements, utility statements, bank statements, etc.

Possible environmental surveys...

Although my agent claimed it has been naturalized which I don't know what that means, are there any environmental and regulation concerns?

The sad truth is the world is yield starved, and difficult environmentally at every turn.

(Phase 1 & 2 environmental assessments are generally requirements of commercial real estate transactions, not single family homes.)

@Lisa Foreman - I've used Crozier Environmental for properties in the Fredericksburg area and have been happy with them.

Individual structures are not the most economical or environmentally conscience method of housing.