My thinking was that this could be a good idea, especially in a situation where a contractor would be able to provide some preliminary estimates or bids on how much a specific rehab or project would cost in conjunction with what the Home Inspector's insight would be. 2) In order to save on both time and on costs - would it be better for you (the investor) to buy the materials for your contractor to use?

While I didn't do that particular deal I did some preliminary exploration with the lender and county treasurer and it seemed that it would very difficult and take months to resolve everything with a high risk of failure.

(A recorded trustee's deed (or similar alternative) confirming the amount paid by the grantee to trustee may be substituted for a settlement statement if a settlement statement was not provided to the purchaser at time of sale.)The preliminary title search or report must confirm that there are no existing liens on the subject property.The sources of funds for the purchase transaction are documented (such as bank statements, personal loan documents, or a HELOC on another property).If the source of funds used to acquire the property was an unsecured loan or a loan secured by an asset other than the subject property (such as a HELOC secured by another property), the settlement statement for the refinance transaction must reflect that all cash-out proceeds be used to pay off or pay down, as applicable, the loan used to purchase the property.

That being said, if you had a significantly over sized lot, there is a possibility of being able to build more than one unit legally (i.e. if you had 20,000sq.ft. or more).3) I would recommend consulting an Architect to perform a preliminary Zoning analysis on the property and give you some guidance on your options to proceed. 

Getting to know the neighbor while doing some preliminary inspection work).Look forward to seeing your next deal! 

The land needs at a minimum a preliminary plat map that can be used to reference the actual parcel you are trying to purchase.

I tried to inquire more and basically the HOA is still in preliminary talks and that “everybody would have to nod “yes”.

We require a 50% deposit before we get in the car and start the engine to go measure.Deliverables include as is/proposed floor plans, exterior elevations (if needed), roof plan (if needed), and preliminary site plan (if needed)... we can do 3d walk throughs as necessary, typically costs another thousand or so.

General question for some of the investors that have purchased at auction.When researching title on a property, if a title company offers you a title report on a property which shows liens, encumbrances sids/lids, and...

From preliminary research online, I was thinking it was a C, which turned more to be a C- after physically exploring.