The building inspections departments have totally different attitudes, the environmental people are very different, the permits required are very different and so forth.It's why a lot of landlords stay outside city limits.

We have renovated properties where the utilities costs have been lowered by over 70%; our lowest result has been just over 40%.In fact, we would rather purchase a property that has not been renovated  than one where someone has invested the minimum and installed the cheapest {HVAC} units regardless of efficiency.On another note, if your plans are for a one-off flip, then going the route of the cheapest components and input may give you the most cash return.  

If the vendor is going to be replacing key components of the electrical system, again only LBI.

Depending on how the waterfall is structured, the preferred return holders will have first rights to the cash flow, typically an asset manager fee is the only component paid before the preferred share holders.

In retail, you can make or break your tenants, it's almost a partnership effort.In stand alone light industrial, you'll need to be aware of environmental issues more so than retail or residential.

The bill requires the EPA to establish environmental standards for residences, meaning a federally dictated one-size-fits-all policy for greening every home in America.

Land scarcity drives appreciation and this is generally the largest component of returns for SFRs.

What one would have to watch out for is ones that were not reported predating the bank-owning them, so when the bank took it over they would not have cleared it if it was not reported.Thanks for your any feedback, I was curious how you communicated with the title company about the liens exceptions list from auction.com "Most liens are removed after a foreclosure property sale, but certain liens may remain.Here are some examples:Any lien recorded on title prior in time to the foreclosing mortgage.First Mortgage (if the foreclosing mortgage is a second or third mortgage)HOA or COA assessment liens (in certain states)Mechanic’s Liens (in some states)Government liens such as state and federal tax liens, city or county liens, US Government liens.IRS liens (IRS may buy the property within 120 days after sale at the price paid at foreclosure sale)Code Enforcement Liens, Environmental Liens, and Utility LiensChild Support Liens"Thanks & Regards,

You're going to want to speak with a local engineering firm who can help you determine the buildable area, the requirements for building and utility constraints, any environmental constraints, etc. 

@Brian Stone ,The list is only one component, albeit arguably the most important.