I am not planning to spend money on survey, engineer map, ESA etc. just in case it turns out to be a bad deal.

In order to formulate that, they will survey the market for similar units and apply a market derived rental rate for the units to arrive at the potential gross income. 

Originally posted by Bryan Hancock:NAA Income And Expense Study:NAA StudySo on page 1 on this report, under "Regions Used in Survey", it lists all the states except IL.

Since some markets are different from the 70% model, I'm just wanting to make sure I'm on track here in the Dallas market.The reason I am conducting this survey is that I want to make sure that I only get deals that will work for investors and have back up to support my offers.

It's more questions and considerations, and might interest you..http://www.biggerpockets.com/blogs/4579/blog_posts/32645-if-ca-h-is-king-then-leverage-is-god---loans-cash-roe-roi-and-riskThere are a million indeces, but for real estate specifically, I think looking at affordability indeces, how loose loans are (either through Federal Reserve loan surveys, % of subprime or low-doc loans), and consistency of % real estate price gains far exceeding inflation for a sustained period, are all risks to look for..Also, when you hear your dentist, then your mechanic, then your landscaper, then your landscaper's assistant buying up and preaching the wonders of real estate investments.. when it's the topic of conversation of every cocktail party.. and when it's the only asset class everyone wants to be in.. you know the market is getting frothy..!

If finance a phase one survey is generally ordered along with an appraisal.I hope you are not into this property for a lot of money.It's very, very important for everyone to at least use an attorney that is familiar with commercial real estate and well versed in it.

know the relationships between real estate terms, such as appraisal and financing, title and financing, survey and financing, underwriting and the process of what can go wrong, know the risks, understand the REALITY of investing in real estate.

Get a survey.

Good Luck, Mike Having 15 years of running my surveying business, all I can say is amen.

According to a national survey conducted by The Boulder Group (see page 3), the majority of active net lease participants are expecting 2013 cap rates to remain unchanged or decline.