It is stabilized with a bank, insurance company and nine 3br apartments fully leased; I just finished a 6,500sf open span building that I totally gutted and brought to vanilla box with new roof, rooftop HVAC units, new electric service coming to the building, commercial grade LVP over 8” concrete floors, fully ada compliant, all new windows, doors walls , 15’ ceiling… It’s vacant and I am targeting start-up technology companies; a 7-unit apartment building completely renovated and fully leased; 11-unit apartment building that I have not started yet; I rezoned a street from R1 to C3 (not trivial) where I assembled a 8 properties into a 120’x210’ lot where I will eventually build an apartment building; completed Phase I environmental study for entire project. 

You might need a phase I environmental study before you can get an occupancy permit. 

From what I know (of course to be confirmed through due diligence), there are no environmental concerns, asbestos, structural issues, ect.

Real estate" is not one business or one type of investment, it is a number of related businesses or investmentsResidential, multi family, office building, warehouse, mixed use, retail, recreational, raw land, tech centersLarge, medium, small, microUrban, suburban, small town, rural, exurbsbDifferent states, different metropolitan areas, different cities, different neighborhoods, different blocks, different demographicsDifferent property age, different architectural style, different fixed expenses, different financing, different tenant mix, different tenant demandSingle net lease, double net lease, triple net lease, CAM, building allowances, rent holidays, lease length, buyout provisions, personal guarantees, lease renewal, cost of living increases, flat percentage increases, Different loan amortizations, fixed interest rate, variable interest rate, balloon payments, fully amortized, institutional loan, private loan, seller carry backBuy and hold, fix and flip, syndicate, partner, joint venture, self manage, professional manager, management company, leasing company, in-house leasing, real estate agent, licensing requirementsFederal laws, Federal regulations, state laws, municipal laws, rent control, eminent domain, set back requirements, utility easements, property taxes, special tax assessments, development districts, water districts, utility bondsPassive investing, active investing, portfolio income, business income, retirement funds, ERISA regulationsAsbestos, Clean Air Act, Environmental Super Fund, pollution control, water runoff, Flood plain, floodway, Flood control, Flood insurance, endangered species, wet lands Zoning, Planning Board, building permits, occupancy permit, community board hearings, noise ordinancesEviction laws, foreclosure laws, bankruptcy laws, civil liability, fair housing, tenant rights, disclosure laws, loan modification laws. 

From "practical", economical, roadworthy, environmental, safety experience,  the tiny home is less efficient than a motor home.

Might also need building inspector and environmental testing professionals. 

I have a property under contract and the lender has just requested a Pahse 1 environmental study be done.

The rebates can be absolutely crazy for converting from a less environmentally efficient fuel like oil to a cleaner burning fuel like gas or propane and installing mini splits in units (these tie into the tenant’s electrical panels) etc.This tool is absolutely a great tool to have in your arsenal, if you have boilers/furnaces that are very old, you can get them replaced ASAP at a discount from the rebates, with a loan that is free to borrow the money over a long period of time, and retain liquidity for a much better use of that capital.Someone has told me in the past that you can only use one Masssave HEAT loan per property, and to keep that in mind to get the most use out of it as you can.

They need to both 1) like the use being proposed and 2) not deem the use incompatible with their adopted general plan among myriad other issues ranging from environmental to biological, etc.

What can be build there depends not just on zoning but environmental issues,and even the shape of the property.