@William Yeh   Under non-recourse loans, the guarantor is not generally responsible for losses the lender incurs, unless they commit certain bad acts; such as fraud, waste, damage or destruction, misapplication, misrepresentation, bankruptcy, or environmental contamination. 

For environmental  concerns, it is recommended to get a phase 1 which in itself can run 1500 plus dollars to determine if the property has any environmental issues.

(Fair disclaimer, we are a distributor for CWP, Wood Harbor, Wellborn, and Wolf cabinets)The advantage to a big, established player (like any of the above) come to things like -* Quality of finish (Paint in a controlled shop is way different than paint at some guy's uncontrolled shop)* Warranty* Quality control of doors and boxes* Quality of construction* Service and Logistics* Quality of hardwareWhen you're talking about local manufacturers, they're oftentimes not building in an environmentally controlled environment.

The only way to know for sure is to get the test kits or have a environmental specialist test it.

He did so to throw off a federal grand jury investigation by the Environmental Protection Agency, court records state."

If it's a commercial deal or larger multi family it can vary as much as 60 days for environmental studies etc.As far as wholesaling is concerned  I'm an agent so I can't comment too much on that, but there are plenty of people on BP that will probably chime in shortly.

I've posted on this topic many times and as an investor and attorney, my opinion is generally to wait unless the property is over $500k or a commercial property which could havce environmental issues.

And it saves the environment.The environmental piece always comes last in a business setting or transaction, but it helps nonetheless and as time goes on we'll sure need to give it more priority out of necessity of the planet.

My environmental consulting company just inspected a 21 unit building in  southern CA. 

Go through the zoning and subdivision process, where you will need, at the minimum a civil engineer, surveyor, and environmental consultant.