I am a commercial lender for a client here in Chicago. He is currently negotiating to buy a 15 acre parcel where he is currently renting. He is a tenant in the property. The property has been a truck terminal for year...

I agree that you need to be careful, ask about any and all potential problems.. environmental, flooding, property tax increases etc.At the same time think of all the things you could do... rent to own, lease options, niche renting for seniors or veterans,etc. 

While this strategy primarily aims at preserving environmentally sensitive land, it can also offer substantial tax incentives to real estate investors.

The HRTC, in essence, transforms tax benefits into catalysts for preserving the past and creating vibrant spaces.On the environmental front, the Energy-Efficient Commercial Buildings Tax Deduction offers a compelling incentive for incorporating sustainable practices in real estate development.

These tax credits can be a powerful tool for saving on your tax bill while contributing to important community or environmental initiatives.5.

And, I think I'll bring them in as partners to sub-consciously align incentives. 

I helped write the ASTM E2018 standard for property Condition Assessments which first came out in 1999, and my company also provides a full range of environmental consulting services (Phase I, asbestos, mold, lead PCBs and so forth).

Replacing one, the drain field, that is, if allowed, is very expensive in most states due to new environmental laws passed down by federal government.

The Environmental Protection Agency (EPA) estimates the average costs for lead paint "abatement" will range from $8 to $15 per square foot, and the average house can require a minimum of $10,000 to treat.Does it have to be removed?

Oildale is a bit lower class, and the stereotypical renters are less conscious of the upkeep of properties.