Lenders will often require some form of environmental due diligence before allowing you to close the deal.

You don't know how many times I coul get conventional loan in this way.In my case, my actual DTI is very low, but the way the gov calculated the income is so 1990-style that it doesn't reflect our true buying power.

@Christian Styles, I appreciate the conformation to my exact thoughts👍🏻.

The company is a 1 man guy who subbed some of the work out to a big environmental company, unsure of what exactly.

Market is priced based on auction style, so a lousy house can be sold higher than a good home sometimes depending on seasonality and availability of buyers. 

Quote from @Christian Styles: Hey Luis!

Make a new account or try to post in separate forum styles etc.

@Austin JamesUnderstand the area, the current tenant base,the median income, is it in a flood zone, the age of the asset, the condition of the plumbing, the electrical wiring, the fuseboxes, the age of the roofs, the age of the mechanicals, the condition of the foundation, the drainage of the property, does the property have a C of O, is there ny environmental concerns such as oil tanks being buried, the current property management company, what are the amenities.These are just a few things to look out for.

If you can get that main piece off in one piece, it could be re-cut.....but then you have to find a buyer who wants that exact color/style instead of going and buying their own..... there are so many cool products out there nowadays, even pre-finished.

But even if not, the real world application of understanding business may be of help in real estate style business albeit not required by any stretch.