We have eliminated all oil due to the risk of contamination from leaks/spills and the additional insurance risks.If you have oil make sure you have spill coverage as it can cost hundreds of thousands to mitigate.

If you find a contaminated property you are looking to redevelop, you may want to look into the"Brownfields" Program.  

But the most outrageous is the apartment is contaminated with fleas and bedbugs from floor to cieling.Having cancer is one thing being filthy pigs is athother.

Below you'll find some of the information contained in the proposal.Property Coverage:Terms/Conditions: special Form: Excluding Flood/ EarthquakeReplacement Cost: Buildings & Personal Property - No coinsurance.Actual Loss Sustained: Loss of rents-extended business income for 90 days.Actual Cash Value: Applies to wind/hail claims on existing roof coverings over 15 years of age and older.Deductibles: $10,000: AOP per occurence$25,000: Per location, per occurence for wind/hail/ hurricane$10,000: Equipment breakdownNONE: Loss due to fire which emanates from a permanently attached cooking surface.Exclusions: Pollution & contamination, asbestos, earthquakeMold, mildew & fungusFlood is excluded - Earthquake is excluded.Wind/hurrica/hail/floodCosmetic damagesI just realized that it is too much information to write onto a forum post - it wouldn't make much sense.

If the ground is contaminated, you may face an expensive remediation project to clean it up before you do anything.

We are working on contacting companies for removal as I will not purchase the house without removal or a clean bill that the soil is not contaminated. 

At the moment, our capital is sitting in a low-risk, readily liquid investment which is returning a 5.2% ... or it is sitting in USD money market fund earning squat (I just exchanged a lump this morning and made 22.5% thanks to our oil contaminated Loonie).As such, when we analyse any "deal" that comes our way, the opportunity cost of that capital is a minimum of 5.2% ... when you adjust for risk, etc. we end-up with a hurdle rate in the range of 6 - 9%.  

Because you want to remove the contaminated air from the house.

The purchase agreement should layout a time frame to complete some of these "due diligence" items.You will need a boundary survey and title commitment to verify there are no liens or encumberances on the property.You will want to hire a geotechnical engineer to verify the soil is suitable for building an apartment building.You will need an environmental engineer to make sure there are no contaminants (asbestos, mercury, lead, etc.) on the site, as well as wetlands and/or endagered speices.If you need to rezone the property we may want to consult an attorney and/or civil engineer to help with that.Depending on how many units you intend to build the city may require a traffic study be completed to determine the impacts to the streets and intersections.This is typically how we start a new site and it is a very general list of items.

Contaminants in the air in our homes and buildings from household cleaners to hairsprays and everything in between have a tendency to react with and oxidize the copper used in air conditioning coils.