There’s also entitlement risk – the chance that government agencies with jurisdiction over a project won’t issue the required approvals to allow the project to proceed; environmental risks that range from soil contamination to pollution; budget overruns and more, such as political and workforce risks.Location is another idiosyncratic risk factor.

You should be able to get it through, but the lender will probably require some environmental "stuff" because of the cleaners.

Great realtor to back into values2. builders to get idea of vertical sq ft costs3. land planner/ engineer for the city county state permitting process.So I find out the big rocks.. then hone in a property that seems good.put it into contract .. then I hire a consulting engineer land planner to do a feasablity study.. if your an existing bigger client they usually do them for free .. in exchange to get your work.but most likely you will have to pay for it.. 5 to 10k is what you can expect.this will include what needs to be done for regulatory approvals.will include environmental hurdles IE who you have to hire / do yo need a wetlands study etc.basic take off on infrastructure costs..

I had also not considered the environmental factors that come along with property management.

Some things to look out for are the fees. environmental fees, excessive weight fees, another trick of the industry is billing cycles. some will bill monthly so you are billed 12 times a year others may bill every 4 weeks so you get billed 13 times a year (52 weeks/4= 13 bill)based on my experience the big guys tend to play ball and kill on volume to shut out little guys. also these little guys rely on the big guys station to dump, so they charge a base fee and mark it up or put add on to make money.

We have a local government entity - Clean Water Services - who reviews what you want to do and signs off that there aren't any issues with wetlands or protected environmental situations (animals?

According to the broker, no environmental issues that she knows of.

See, generally, predatory lending, securities fraud, "company towns" (especially up in your neck of the woods), and environmental regulations.This, on the other hand, is government looking for a problem (mostly because a council member  got postcards and letters.

I like your policy of giving 10% back for the environmental & social causes.

Anyway its somewhat complicated - so buyer beware    - but overall a sewer system should be great for the area as in-n-out, trader joes, etc.. will be able to do traditional builds rather then complicated septic system/environmental reviews etc.