The older dry cleaners even if gone from the center are known for environmental issues.

I have about 100 questions from environmental to lot size to location.

Where do you see the property in 5 years ,10 years,etc  What is the long term outlook environmental concerns (hurricanes,etc) Lack of control is a big issue What do you think

If no "deal breakers" are discovered, you move-on to engaging experienced professionals to supply the phase one environmental inspection, property survey, water/sewer systems inspection, title search, closing services etc.

Land comes with a lot of environmental conditions.

With this disclosure, you may have to undertake a Phase I Environmental Assessment - your lender or insurer may insist on it.We had a very similar deal on a multi-family a year ago - when the Phase I and some soil sampling came back strongly indicating remediation, we - and our lender - insisted on placing a substantial portion of the purchase price (30%) in escrow to cover remediation costs.

I currently work for a civil engineering group as a wetland/environmental specialist...

Good question William Walker - some of the fees that would be eligible for 504 financing are:- Appraisal- Environmental- Survey- Title Insurance- Closing Costs- Recording Fees- Bank Fees- Interim InterestKeep in mind, all of the money you intend to spend on professional fees and interim interest will need to appraise out with as "As-Complete" value, stated in the appraisal.

Another is the ideal that I can do an environmental restoration project there and divert part of the proceeds from my book into that project.

Any other key environmental factors to worry about in the Spring/Woodlands/Tomball area (i.e. flood planes, etc)?