I just started my own meetup, and I didn't survey BP beforehand.

Because the financing is different for buildings with more than 4 units, as you may already know, you can't really use a per-unit price on a 4-unit and extrapolate to a 5 or 6 unit :(Instead of looking for comparable sales, you usually end up having to apply a market cap rate to the net income (NOI) of the property, which appraisers call the "income approach".As for what's a "market cap rate", well that's about as much art vs. science as (in some way) choosing good sales comps are.For a B area of Providence I think you'd be safe using a 5% or 5.5% cap rate, but if it was an A area like the East Side you might want to go with 4% or 4.5%.You should also ask around as I certainly haven't done any market survey of cap rates.

Without holding costs, engineering, surveying, etc.

-Building permit can be acquired for only permit fees, structural engineering, soils testing and surveying fees.

It's not like a survey easement or something that can come back and cause an issue in the future.Good luck on your deal!

The legal description on the deed was completely messed up and made no sense at all, so a survey was done.

So while the Appraisal District sends out a survey, I cannot for the life of me understand why one would send it back if it is not to their advantage. 

We will be in SA until Sunday surveying the market and would like to meet with you.

Survey comes back to show that the house encroaches 2 feet to property setback line on 1 side.

I am confused about:(1) whether the property is or is not within the 100-year floodplain and(2) why would the seller state that he “recently found out” that the property is not in the floodplain when the survey shows that it is?