However, I'm curious about the numbers you're looking at:Based on residential numbers preliminary analysis, it looks like your offer price would be too high to obtain a reasonable cash flow, unless you are successful in obtaining 100% financing.  

I think they should gave caught this on a preliminary title report?

During my due diligence I would get more accurate estimates and renegotiate price.If the preliminary analisys went well I would put a plan for financing which would include  a good chunk in from me and possibly partnering.

One of the responses simply said to estimate from $20 to $35 a square foot and use that number for preliminary estimates.Keeping that in mind if there isn't enough room to add that number to the purchase price and still cash flow or sell value added then consider offering less but list the repairs that'll have to be done for "safety" reasons.

:/ If your not real familiar with understanding and reading easements, and a lot of agents aren't either, then you might consider sitting down with your title agent (or get the listing agent to provide you with the title company they intend on using; s/he may already have a preliminary title report) to get help in understanding the easement/issues.From the photo it looks like the white road would service the property.

I owe 178k on the mortgage and the preliminary appraisal that Wells Fargo gave me when I applied for the HELOC was $230k based off what the comps are selling for in my market.

I told him I do not rent to lawyers while doing my preliminary inquiries for the showing.

We've done deals that were financed 100%, however; we have 30 years experience, and are licensed in both real estate and construction, and do all the preliminary design, etc. on our projects, and actually do some of the construction as well as marketing.

If I was a gambler, provided you have everything documented, etc I would wager a finding of brokering without a license.

Other information on subdivisions in other states is welcome too.I have done some preliminary research and was not to successful in finding the exact information I am looking for and hoped some of you could provide some insight.A duplex on 2 acres with frontage on two roads.