The govt is cracking down hard on contractors and owners that do rehab work on properties pre 1978 that don't have a clean environmental report. 

Lots of things changed within the last twelve years within the Florida Building Code, environmental, as well as well as developmental.

I have been working at GEI, a Civil/Environmental Engineering company for the past 7 years.How I found Bigger Pockets: I am a newbie here and am just starting to get an investor mindset when it comes to real estate.

It is amazing how far your money can go when you are conscious on how you are spending it, back yourself into a corner financially, you'll probably thrive.

I am conscious in this case that earnings will be subject to capital gains tax in the event of a sale, and further impacted by income tax if proceeds are taken from the company.Thanks,Adam

My agent told me the mortgage lender will do all the inspections (physical, phase I environmental, hazardous, soil, governmental approvals, title, survey, lien, etc.)  

Putting in a new septic would be cheaper than paying for damaging your neighbor's property/health or getting hit with an environmental hazard violation. 

We planned to make our offer subject to many things during the due diligence period including a new appraisal, environmental study, feaseability study etc.

Environmental/safety issues perhaps?

You also have to take into account all of the environmental stuff.