Pre-acquisition due diligence is the initial stage of the due diligence process. It involves identifying the property's ownership, zoning requirements, land use restrictions, and other factors that may impact its value. It's also essential to review the property's physical condition, such as structural issues or environmental concerns.

Legal due diligence involves a review of the property's legal documents, including ownership, title, and any liens or encumbrances. The legal due diligence checklist may include a review of contracts, agreements, permits, and licenses, among other documents. It's essential to work with a qualified real estate attorney to ensure a thorough legal due diligence process.

Financial due diligence involves a review of the property's financial records, including income statements, balance sheets, tax returns, and other financial documents. It's important to analyze the property's revenue, expenses, and potential for future growth or profitability.

Environmental due diligence involves a review of the property's environmental condition and any potential environmental risks or liabilities. This may include reviewing environmental assessments, Phase I and II reports, and other documents. Environmental due diligence is especially crucial for properties with a history of environmental contamination.