(I beleive exceptions can be made for storage facilities that you can access fairly quickly).

Chris I meant Clay pipes but different parts of the country used different things during different eras because of cost,availability,closeness to the area where constructing,soil conditions,etc.Either way in my mind a critical inspection is to scope the line all the way out to the street.Some plumbers only have a 25 ft camera and others have the big one that goes hundreds of feet which will reach out to almost all mains at the street before running out of camera line.On environmental stuff mentioned you sure can have situations where next door is a laundry facility or gas station that is now vacant.The contaminants leach over into your soil.Now the EPA is demanding you clean it up which becomes very,very expensive.What to look for comes with experience.I have found it is better that I learn from my plumbers and other professionals I use and they often share tips for free.Here in Georgia inspectors do not have to be licensed (it might have changed recently)but in the past they were not required to be.I have found I have more knowledge than many inspectors and all they do is charge a bunch of money and then refer you off to the people I have already learned from.My guys will take a look at it for free because they know it is future business I will be giving them.I just call them in if I have a question.

Do things like sell the car, take the bus or ride a bike, sell the home and/or move to a facility with lower rent, cut the cable/internet (use the public library) and this even includes letting others carry their own burden for a season.

So like that play your making .People downsize, move in together, move back home, etc. during downturns and it's a lot more affordable to pay for a storage facility than for the whole apartment or mortgage by yourself. 

Also in June 2017 I participated in Opportunity fund for an existing property in Port Orange, Florida (I actually visited the place during one of my road trip in that are last year, very nice facility).

@Josh Norris  YUP I had 6 different lending facilities pre 08.. my core bank and 5 more.. the other 5 dropped me within a year..

We have the basics down, and a good business background for some numbers.It seems like a better Option would be: to Develop Only 18, Or so, of the Lots, as Prime Riverfront Homes, and Build a Docking Facility, and Community Center that leases out member boat dock space, hall rental, etc.

Traveling medical professionals, business people, or maybe construction pros working on the new stadium facility.  

Interior Units: $25,000 a unit ($300,000)Roof: $20,000Exterior Repairs (Stucco & Wood): $15,000Exterior Paint: $20,000Gates/Railing/Fencing: $10,000Windows: $20,000Hardscape: $30,000Landscape: $30,000Furnishing/Mail Boxes: $4,000Site Lighting: $5,000Electrical Re-Wire: $7,500 unit ($90,000) Re-Plumb: $4,000 unit ($48,000) Laundry Facility: $5,000Garage/Parking: $4,50020% GC Fee= $61,350 per unit. 

I've always declined; not because I have an HOA to deal with but because in my area there have been a number of unlicensed assisted living facilities being run out of rentals until they are finally shut down when someone reports elder abuse.