Your preliminary title report does not show the lien as the title underwriter does not scrutinize it.

Also, find out if they actually use an architect or a draftsperson for the design, or a combination of both (we personally have a draftsperson do preliminary design and an architect do final check and put in notes as it saves a lot on costs, then our structural engineer signs off on his part)Another way to save money is on the commission on the land.

@Mark Caramanna Correct me if I am wrong but it seems you are trying to create a preliminary budget without a set a drawings or specifications?

Preliminary design and rendersings for package or completed plans with all architectural, engineering, etc., soils tests, and ? 

lol.I love your approach even though it goes against some of the preliminary things I have been told by a couple of gurus (indirectly, that is, through books, videos, etc).So are you saying as long as my Assignment Contract exists, is being used, agreed upon by both parties (well three including the buyer), and I am using Sale/Purchase agreement (when necessary), that I should fine and good to go?

My very preliminary thoughts.  

I am not an expert, but ran my own preliminary rehab costs.I ran the numbers to wholesale the purchase to a rehabber and they work.

Do a preliminary title search to get clarification....

From my understanding, once you draw up an initial contract, that contract can be used as a preliminary contract.

You need to go to the recorder's office and see what system they use and ask them about searching a property and liens.Actually, you can have a title company to give a preliminary search (mine does at no charge) and I obtain title coverage from them.While you can see current liens, doing a title search is beyond the scope and abilities of most investors, this is a specialty requiring legal training, it's not a DIY matter doing a title examination. :)