Property tax bills for the last 2 years IRS Tax returns and addendums for the last 2 years (as relatedto the property only) Articles of Incorporation Good Standing Letter from the Department of Revenue Any licenses in the name of Sathyam Enterprises Rent roll for the property for the last 2 years Security deposit register Payroll records Each different lease type Written property policies such as pets and parking Information on all rent concessions List of any uncompleted maintenance requests Maintenance and capital improvement history for past 3 years Litigation history on the property for the past 5 years Any operation manuals for the property Title policy Site plan Architectural plans Environmental Reports Any mold inspection reports Any lead-based paint inspection reports Any fire system reports or citations

Architect, engineering, possible soil samples, environmental studies, permits, city and county fees and taxes.

Are there potential environmental issues with the property?

I believe Burns Environmental is next to him then who I hired.

Basically, anything environmental will be hard costs that you can't/shouldn't really side step. 

I know it’s hard to say what to do without specific examples, so lets assume there are two lots: one which is level and zoned multifamily in an environmentally critical area; and another single family lot with a fantastic view on a cliff.

When I asked this was the response, "Soft cost expensive for architect, appraiser and environmental etc." and if I'm not comfortable with lending the money then I can opt for his first offer which was $500 for his consulting services.

Also weather delays, change orders, unforeseen issues with permits or environmental, etc, etc.  

There are zoning and environmental issues that can dramatically affect what you can do with the property.

The seller has been occupying the building as an office for the past 60 years so I doubt there is any environmental issue but there is an above ground oil tank in the basement which is used for heating.