Has anyone purchased or sold a property with DPS (Downgradient Property Status) filed on it, because of environmental contamination from an upstream property?

@Marina Loos it sounds like you have a "portfolio" loan or "commercial" style loan from a smaller bank. 

The most common portfolio style loan in Texas is a 20 year adjustable rate loan.

Full doc A-paper style loans or lite doc/no doc loans that would base their decision on value of the collateral, cash flow, LTV, credit and experience - some lenders are even ignoring DSCR on commercial projects. 

Being an attorney myself when I hire other attorneys I just try to figure out their work style, expertise and look at their educational and professional background.

Obviously there are many variables like impact fees, permitting, soil/environmental fees, and well/septic if needed all above that $120, but that should give you a start.

and show them similar houses based on YEAR BUILT,  construction type/style, and similar size +- 500 sq ft, and within 2 miles.    

The lowest property taxes combined with a location that isn't going to lose its appeal anytime soon Seattle, Austin, and stew other cities are also attractive, mostly due to booming prices due to tech that probably won't slow anytime soon.As for the property itself, I'm leaning heavily toward a townhome/ rowhome-style fourplex.

Investment Info:
Single-family residence buy & hold investment in Conway.

Purchase price: $89,000

For our previous properties, we had experienced trouble with choosing the wrong contractor! This tim...

I only have been working there for a year and already not enjoying the 9-5 life style and I almost feel like I am "waisting time" because ultimately I want to be a full time real estate investor.