You generally wouldn't expect 15% occupancy anywhere in our market on any type obviously, but we do consistently see that on distressed assets, perhaps mostly on industrial types that are out of code and tenants can't get CO's for without either the owner or tenant spending significant sums of money on rehab/environmental.  

Consider an environmental study due to contaminated waste and chemicals used in the medical field.

Shortly after that, I had the great good fortune to hook up with an environmental engineer (a fellow BP-er) who not only understands this complex stuff, but who is also a highly-ambitious real estate investor who wants to hit the Financial Freedom level ASAP. 

Another unit did not have their electric turned on so we couldn't test anything in there.I contacted my lawyer about this and he stated that in our contract it states "This contract is contingent upon a written determination, at purchaser expense, by a licensed architect or licensed engineer or by an agreed third party that the property is free from structural, mechanical, and/or environmental defect not exceeding $1,000".

These short timelines scare me much more than the possibility of losing my deposit, especially since I mentioned my due diligence would include an environmental report in the LOI.  

If she'll wait that long, and if his due diligence doesn't turn up any environmental problem, etc., he will marry her.

on day 29, you're considered as permanent resident. i have an umbrella policy but don't know how it was made, I know I have general liab, commercial auto, and pollution insurance for the company, the umbrella protects the excess of one or all.

(http://www.houstontx.gov/health/Environmental/Pool_Demo_permit_(2).pdf).

Honestly, I never approached it from the children or the environmental aspect.From the financial side, I found that the EPA RRP rules are the most are the most important aspects of being involved in real estate.

You could still rent to families, but you would have to jump through hoops and you would get a Letter of Environmental Protection and your insurance will be higher and the property value lower.As long as the house hasn't been inspected for lead, you can renovate if you follow federal RRP rules.