I am 20yr old full time student studying Environmental Science.

Normal conditions, include financing, inspection (building and environmental), title search, etc. 

I doubt it would fit the "if I started over" title, but I'd be happy to write on environmental and property condition due diligence.

Most lenders require a Phase 1 Environmental which is pricey.   

We're currently waiting for the environmental to be done.

Insurance for each house and then some sort of umbrella policy should be enough.The problem with this theory is that insurance doesn't cover many of the risks that are popular with scumbag contingency lawyers and their loser clients, such as mold, lead paint, asbestos, other environmental hazards, etc.

There may also be a liability for environmental issues if one is in the chain of title, but I would like to believe environmental issues are lesser with residential properties.

I originally went to law school to focus on environmental law, specifically in the area of commercial land development.

Chris I meant Clay pipes but different parts of the country used different things during different eras because of cost,availability,closeness to the area where constructing,soil conditions,etc.Either way in my mind a critical inspection is to scope the line all the way out to the street.Some plumbers only have a 25 ft camera and others have the big one that goes hundreds of feet which will reach out to almost all mains at the street before running out of camera line.On environmental stuff mentioned you sure can have situations where next door is a laundry facility or gas station that is now vacant.The contaminants leach over into your soil.Now the EPA is demanding you clean it up which becomes very,very expensive.What to look for comes with experience.I have found it is better that I learn from my plumbers and other professionals I use and they often share tips for free.Here in Georgia inspectors do not have to be licensed (it might have changed recently)but in the past they were not required to be.I have found I have more knowledge than many inspectors and all they do is charge a bunch of money and then refer you off to the people I have already learned from.My guys will take a look at it for free because they know it is future business I will be giving them.I just call them in if I have a question.

The properties will be structurally sound, a good location, and a good surrounding market but are poorly managed that are in need of minor cosmetic repairs such as, out dated inefficient kitchens, bathrooms, appliances, old windows, old inefficient lights, high expenses, old non-separate metered heating and cooling units, along with ugly curb appeal/landscaping.We will not purchase commercial properties that have the following issues:-A structural problem (interior bearing walls, foundation & exterior walls)- A significant environmental issue (underground leaking tanks or mold)-A neighborhood that has an oversupply of commercial properties and have a vacant rate of more than 15%.