What are the clauses I want to put in in case there is an environmental or other big issue that comes up while I am doing my due diligence ?  

Be conscious of analysis paralysis.

I would like to transition into bigger multi-family apartment complexes in the future when I have a better track record and can consciously approach investors and know that I know what I am doing.Thanks!

Get a survey, run title, lien search, environmental report  If everything checks out you should be in position to close (assuming you have the equity required) 

And by the way he said, the property may have an environmental problem as he had been dumping motor oil in the back area.

(You mentioned traditional banks may not lend because of Environmental issues).  2) The fact that there is more cash in this deal makes it more attractive for a lender to foreclose in the event that the balloon payment cant be met through re-financing.  3) It would be well worth the cost of a ESA report for both partners to understand the environmental issues with the property.  

You would not believe the number of times a Residential realtor has tried and failed to close a commercial property because they did not understand the zoning and environmental issues involved.

Hello All,Looking for commercial inspector recommendations for multi-family property inspection...Appreciate any recommendations in Jacksonville, FL or near by area.Lender's team would inspect the property to generate their appraisal and environmental reports...Does it make sense to have my own inspector focus more on structural / engineering report and check few sample units (assuming inspecting every unit may not be possible on a 100unit building) for problem areas?

And I'm not quite sure how to figure it all into my plan, but I really want to improve and grow the communities I work in and improve the sustainability and environmental impact of properties I take on - both issues that are important to myself and many other Millennials out there.

I tried my best to clearly convey the story and get a point across without stepping on too many toes.I do, however, disagree that grouping people based on their chosen career (a conscious choice) is the same as grouping people by something they have no control over, such as race, or debatably, religion.