These are called the elements of value in appraisal theory.

Any decent environmental consulting or engineering firm can knock one out pretty quick and inexpensively in most cases.

As for the shop, you’ll definitely need to have a phase 1 environmental study done as part of your due diligence.

Buying out of state forces you to learn all of the skills that you will need to scale, no matter where you are based e.g. delegation, hiring and managing a team, etc.In terms of selecting a market the most critical element is whether or not it cashflow.

Done correctly, those places can work and you don't have to be too concerned with the sketchy element. 

@Douglas J AndrewsHi Douglas, if you are intent on this property your best bet is to get it under contract with contingencies.A key element in making your purchase offer is doing a critical path analysis to determine the steps, time, players and capital needed to pull the deal off.To save yourself time and aggravation, make your first pass offer the the form of a term sheet.

I imagine I need a team consisting of a good contractor and environmental engineer at the very least but any additional insight would be greatly appreciated.Thank you.

Metal panels are clipped down to the roof and no fasteners are exposed to the elements.

Several updates and custom design elements.

Key elements of New Orleans’ new short-term rental rules:Short-term rentals will be allowed in residential properties only if they have a homestead exemption.