Then there will be environmental studies , traffic impact studies , school capacity studies . .

If you’re a lender, investor, or operator who believes capital should create both returns and transformation, let’s talk. 

A couple of the adjacent cities are planning on building 2500 new homes in the area...not sure of the impact as there is a water shortage due to salt water intrusion.  

It also comes with a restaurant that hasn’t been in service for 40 years, but the structure is in surprisingly good shape.Here’s what I’m thinking through so far:Standard due diligence: +Phase 1 and 2 environmental, city plans/zoning, health department approvals for bringing the restaurant back online.Talking to the Army Corps of Engineers and the local harbormaster about dredging (not something I’d do immediately but want to know long-term outlook) and figure out generic cost for budgeting purposes. 

Concerns such as the home value decreasing, 24/7 humming noise, increase water bills, increase electric bills and other environmental concerns in regards to health. 

Quote from @Frankie Vozzi: Love that perspective, Mia  real estate can absolutely create both profit and impact when done with intention.

Nowadays-  those lots are hard to find for $100-150K and shovel ready (those with utilities in place) can often ask $250K+ in prime areas with ocean views or access and they are increasingly few and far between and sell FAST - because they are worth at least a bitcoin or two..There are a lot of drivers of PNW coastal appreciation including; societal and environmental refuge and retreat,  generational wealth transfer, demand growth, invest-ability and maybe most importantly - location.

When underwriting a property, assumptions related to its debt can have a significant impact on returns and valuations.

But if instead your concern is a credit hit from the accumulation of mortgages as you make each purchase - that impact should be largely offset by the additional rental income that each should bring.

A good civil engineer and architect can often point out issues, but sometimes they are a bit silo'd in their view, and overlook things like environmental.