Locally, you have to hire an engineering company to do the surveys, elevations, environmental reports.Sit down with them for a talk about what is involved.In my local, a 3 way split is pretty easy (cost, about $5,000).

If that's the case, you could have environmental issues also, depending on if the meth lab was in the basement that's still left.

My only point is not to make a conscious decision to exclude a super majority of your future clients by only looking for that tiny sliver that use cash.

I suspect they would want to see a long term lease on the warehouse before they will give that any value.Any environmental issues?  

According to my contract, "Buyer shall have 10 calendar days after the date of acceptance of the contract by both parties to have inspections, environmental inspections, and/or tests completed."

You may also be requires to undertake an environmental assessment of the property by the lender (to prove there are no old USTs or other surprises waiting to ruin your, or rather, the lender's day).Where you can often successfully purchase a residential property without using a buyers agent, an experienced commercial broker will be an invaluable player on your team during the purchase of your first few multifamily properties.Enough rambling ... and I did not even get through the purchase processes ... must take the boy to daycare.

Biggest issue if the warehouse is old for adaptive re-use is does it have asbestos and are there any environmental issues with the property??

Its the hidden cost that I was more worried about like environmental assessment, insurance etc. the stuff you can do with out and be ok 99 times and get killed the 100th. 

He overcame ENORMOUS obstacles... leaving him penniless, homeless, taking showers at the community park..Only to as he told me "In a fit of creative consciousness..

Maybe you need to ask and get in writing that these companies use environmentally safe and non-toxic cleaners.No legal advice.