It really depends about being conscious with your time.

The environmental liability is high people want to do their due diligence, and why would  a seller not go for a commercial loan and take a bit more money.Seems like a red flag on the deal to me. 

I mean, there college kids, maybe I am in a different college town but frugal and cost conscious are NOT words I would associate with the iphone carrying, designer brand wearing, starbucks drinking college kids I see. 

Should you discover this offer is competitive, you can always circle back at that time, but be conscious of any rate locks or potential adjustments that may occur if you delay on moving forward while shopping other lenders.

In fact anytime I have a property with a metal roof I put solar on because the pay off is about 10years but it increases resale value and I can charge tenants extra for the environmental good they feel.

It got my financing held up until I would perform environmental studies.

Re-reading my post it does look a bit stream of consciousness inspired so my apologies. 

By the way, I am aware of the environmental/health issues surrounding asbestos siding.

Environmental checked it out, said it’s a gray area because of this little creek nearby, told us to get zoning involved and we cannot get in touch with anyone from their offices.

ALTA survey, Phase I environmental, etc.