You should plan to review all the owner's financial statements, review the rent rolls, walk every unit, audit every lease, have contractors inspect the mechanical systems, roofs, create a business plan, review title, review environmental reports, shop all the comps, etcDo you have financing already lined up?

I work at a tourist attraction and environmental organization in FL which happens to be located right smack dab in the middle of a residential area of the city.

. - Leave untouched as much of the remaining land as possible - both for a greater feeling of privacy and exclusivity for the resort guests and owners, as well as for environmentally responsible development.Pulling all of the expense figures out of thin air, I would pay 125mil for the property.The main concern for due diligence would be environmental contamination from previous activity - both military and research facilities.

Resources for information about lead-based paint law include: United States Environmental Protection Agency (EPA), United States Consumer Protection Agency, and United States Department of Housing and Urban Development (HUD).Get the EPA booklets: "Protect Your Family From Lead in Your Home" and "Renovate Right: Important Lead Hazard Information for Families, Child Care Providers and Schools."

Environmental issues?

To close the loop on this post, I went with the lowest reputable bid in SWAT Environmental out of Centennial and am happy with the results.

Although water / environmental risks could be problematic. 

Just off the top of my head:Physical ThingsProperty inspection  (should have professionally inspected)All major systemsElectricalPlumbingHeatingRoofStructuralEnvironmentalEtc.Property conditionTenant ConditionProperty LocationNear noise / environmental factFinancial / PaperworkLeasesDurationRent AmountLate FeesCondition reportsTenant applicationsBasic Contact infoEmployment infoEmergency contact infoEmailTenant Estoppel StatementInsuranceProperty Tax statementWell, there is a quick start.  

A Hybrid contract of sale... a way to close more transactions by joint venture A commercial contract of sale, 3 pages with special buyer requirements related to environmental conditions, existing suppliers, surveys, buried oil tanks and other conditions that must be known to make a profitable and safe transaction An option agreementAn informational pocket pack with 52 options to financing and control a building without conventional financingBlank checks, pens, carbon paper, A list of referencesDisclosures for lead paint and other state or federal requirementsCell phone with camera to take pictures of the nice things and negative aspects of the property and to take a picture of the contract to email confirmation to seller and to your title company or lenderA gift, something for the seller to remember you by, I give Indian Head Nickels away, pens, note pads.Blank addendum forms - these are used to attach to your purchase agreements (you don't want a lot of chicken scratching on your contracts; use them to write some of the following; 1.

I currently work as an environmental consultant writing U.S.