Are there any commercial real estate due diligence sub reddits?
Specifically related to the property and not financials-phase 1&amp;2s, remediation, property condition assessments...I’ve been doing these for 10+ years and wanted to find other like minded folk. I’m on a few environmental and geology subs, but it’s not quite what I’m looking for. 

I’m also happy to answer any questions you may have about these things. I started out doing the environmental stuff for 10 years, then transitioned to developing and running PCA division of a small company for 3ish years. I’ve been stay at home parent for almost 3 years, and recently got reacquainted with my old company (thanks to a state tax audit for my tax return filed 4 years ago) and started working part time writing up PCAs again.
[{"id": "grza8z7", "text": "I\u2019d be interested in learning more about this. Frankly, the physical components of the asset is the area I\u2019m weakest in. I wish there was a construction/ materials/ mechanicals overview course I could take to fill in my knowledge gaps, but I haven\u2019t found many resources.", "replies": [], "depth": 1}, {"id": "grzb2pm", "text": "I don\u2019t think so. This is the closest sub you\u2019ll find.", "replies": [], "depth": 1}, {"id": "grzcgxe", "text": "Start the sub? I\u2019ll be one of the first lurkers trying to soak up some knowledge \ud83e\udde0", "replies": [{"id": "grzkvdi", "text": "Me too!", "replies": [], "depth": 2}, {"id": "grzm4w2", "text": "I think that\u2019s above my Reddit pay grade. Haha.", "replies": [{"id": "gs0i48p", "text": "Well, I did a thing: \n\n[r/creDD](https://www.reddit.com/r/creDD/)", "replies": [{"id": "gsh6aae", "text": "joined.", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "grzjnsx", "text": "The size of this sub isn't really large enough to warrant specific subreddits for something as esoteric as property condition reports.", "replies": [{"id": "gs04wxp", "text": "Yea. Just post in here", "replies": [], "depth": 2}], "depth": 1}, {"id": "grzmegw", "text": "Give us a rundown on the structure of a PCA", "replies": [{"id": "grzqgjz", "text": "The company I work for really tries to both provide the basic info on all components of a property both interior and exterior, and comment on their condition to identify deficiencies. A lot of reports I\u2019ve read just focus on the building and its systems, without regard for things like site drainage, febcing, retaining walls, enclosures, landscaping...to name a few. Outside you\u2019ve got the above mentioned plus parking lot, concrete flat work, utility structures like sewer ejection pumps, exterior of building, windows, doors, roof, hvac units. For windows you look for cracks but also the condition of sealant or weather stripping, evidence of moisture intrusion, etc. doors are similar to windows. Roof we will provide info on the covering and its age. If you can\u2019t tell based on finding the serial number on the roofing materials, then I look back at historical aerials to see if I can tell when it may have been installed. Roof drainage-gutters/downspouts/internal leaders. Roof support structure and insulation. For hvac I record model and serial numbers so I can obtain the tonnage and year it was manufactured to have an idea of when it\u2019ll need to be replaced. If I can\u2019t read the plate, I\u2019ll find out who the hvac service provider is and call and ask for that information. Water heaters-also get serial numbers to determine age. Electrical-check panels and search for evidence of failures. Interior and exterior lighting conditions. For interiors you look at floors, ceilings, walls, restrooms, etc to assess their condition and determine when replacement may be warranted. I also check to make sure sprinkler risers, back flow preventers, fire extinguishers are up to date with their inspections. Of course we look at foundation and structure for evidence of settling, cracks, bowing, etc. We also have general comments about pests, seismic risk, flood zone, zoning, code violations, etc. \n\nAnything damaged or broken or cracked or old will be put in an immediate or short term repair list (ie less than a year) and anything we determine will likely need replacement over time goes into a reserve table. The reserve terms vary depending on client and lease terms, so it can be anywhere from 4-17 years (for our clients anyways). These are items like roof replacement, hvac, water heaters, parking lot restriping, exterior painting, etc. non routine maintenance items. \n\nOf course we tailor our reports to what the clients need. Some care more about utility size and condition because of their operations, while another may care more about security and the condition of the roof so it doesn\u2019t ruin their inventory. Apartment buildings, large office buildings, or hotels are their own animal (and frankly I\u2019m glad I haven\u2019t had to do many of those). \n\nIs this helpful?\n\nEdit: added more details", "replies": [{"id": "gs0idna", "text": "What's a report that extensive cost? Seems like too much for your average multifamily deal but could be useful with developers", "replies": [{"id": "gs1i0px", "text": "For the deals I\u2019ve underwritten, they\u2019re between $2500 and $6000. Most of the time around $4000.", "replies": [{"id": "gs23llf", "text": "I was going to say about this range, too. Standard pca on a 7-12,000 sf space is about 3000. For bigger properties, price goes up", "replies": [], "depth": 5}, {"id": "gs2irvn", "text": "About the cost of an appraisal", "replies": [{"id": "gs33ntm", "text": "For the SBL deals around $5000", "replies": [{"id": "gs3i466", "text": "Sbl? Small balance loan?", "replies": [{"id": "gs3ibf3", "text": "Yup, generally &lt;20 units. Although it\u2019s roughly the same for the larger deals.", "replies": [{"id": "gs3k6gl", "text": "Got it. I just wrapped up a $60m deal earlier this week and appraisal fee was like &lt;$8k. Pretty similar.", "replies": [], "depth": 9}], "depth": 8}], "depth": 7}], "depth": 6}], "depth": 5}], "depth": 4}], "depth": 3}, {"id": "gs3jcvv", "text": "As a commercial insurance agent that lurks in this sub... could more com re agents please be as diligent as this? I try to ask for info like this and always get zero answers. \n\nThe insured barely knows this stuff half the time. \n\nIf this is not something normally shared with the property insurance agent please let me know.", "replies": [], "depth": 3}], "depth": 2}, {"id": "grzs6h9", "text": "Note that a PCA is actually defined by ASTM and is a technical report with specific obligations for those creating it. Other non-PCA reports can be all over the map. Fun due-diligence fact of the day.", "replies": [], "depth": 2}], "depth": 1}, {"id": "grzo6hw", "text": "I am a partner in a small residential development group in the southeast. There\u2019s much more to DD than your enviro folks: geotech, traffic engineers, planning and zoning, utilities research etc etc. a majority of what I do is scouting for land deals, doing a quick one hour review of DD. Happy to answer questions from that side (financials too but that seems to be beat to death)", "replies": [], "depth": 1}, {"id": "gs20fju", "text": "That is a great idea. On the flip side, are there any specific subreddits for the financing side?", "replies": [{"id": "gs2j0kp", "text": "That would be a small sub. The CRE debt world is not massive and doubly so on reddit. Probably better to just have a flair on here and us finance guys can opine", "replies": [], "depth": 2}], "depth": 1}]