While we are not adding size, we are able to add a bedroom within the existing footprint.  

So there were some foundation costs, but for the most part we were able to use most of what was there.Due to setbacks and the narrow lot, a new footprint wouldn't really have given us much more square footage without doing a very narrow/deep floor plan.

You should plan to review all the owner's financial statements, review the rent rolls, walk every unit, audit every lease, have contractors inspect the mechanical systems, roofs, create a business plan, review title, review environmental reports, shop all the comps, etcDo you have financing already lined up?

They will do loans in the following areas according to my banker: Muncie, South Bend, Indy, Bloomington, Evansville, Louisville, Ann Arbor, Grand Rapids.The huge caveat is that they want the borrower to also live in their footprint area so if you are an out of state investor, you are out of luck.  

Doesn't sound like any footprint changes..Perhaps you can check with your homeowners insurance to see if a worker would be covered if injured, could save you quite a bit going that route.

I work at a tourist attraction and environmental organization in FL which happens to be located right smack dab in the middle of a residential area of the city.

. - Leave untouched as much of the remaining land as possible - both for a greater feeling of privacy and exclusivity for the resort guests and owners, as well as for environmentally responsible development.Pulling all of the expense figures out of thin air, I would pay 125mil for the property.The main concern for due diligence would be environmental contamination from previous activity - both military and research facilities.

Resources for information about lead-based paint law include: United States Environmental Protection Agency (EPA), United States Consumer Protection Agency, and United States Department of Housing and Urban Development (HUD).Get the EPA booklets: "Protect Your Family From Lead in Your Home" and "Renovate Right: Important Lead Hazard Information for Families, Child Care Providers and Schools."

Environmental issues?

To close the loop on this post, I went with the lowest reputable bid in SWAT Environmental out of Centennial and am happy with the results.