For example you would never get a phase 1 environmental study on a SFH but it is likely required for financing on a commercial property.

The budget-conscious alternative to enrollment in 1 above would be to search podcasts and YouTube for Al Williamson and listen to everything he shares.We do this with 2 of our 7 properties and are finding some success.

However, I'm always conscious if I'm annoying homeowners.I usually message if their listing is withdrawn or just to introduce myself as a local agent for when they want to sell.

With lender liability becoming something more and more common, and environmental liability a real possibilities for lenders, best to use an LLC or corporate entity.  

Because my property is on septic and not sewer, such a heavy use (34 beds) triggered the County Environmental Health to get involved.

Carbon footprint is worse than a gas truck because the battery is so environmentally dirty. 

As to reserve funds, they are good to have, and avoids the imposition of special assessments.I lived in a condo once and the majority of owners are extremely cost conscious.

Assess utilities, and environmental factors, and have a clear financial plan.

I am very familiar with the Texas market.The main concern first is that since you had a tire place on the site after you get them out you need a new phase 1 environmental on the property.

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