Take a survey of 2.0 homes buyers and ask how many have an extra $10k sitting around, I bet it’s around 10- 20%.

He showed me the survey of the lot and I proposed to him to build a SFR on it.

I currently survey the infrastructure in every neighborhood across Westchester County in 3 year cycles & a lot of the times I’m in really great neighborhoods (like Scarsdale, NY) & I find these abandoned homes in need of some work yet with lots of upside & almost always they have a letter on the door stating that this home is under management by “example manage co” & after I do what I went there to do, I almost always walk away asking myself, “how can I take advantage of this?”

It just are required a new survey with legal descriptions for each townhome. 

We will need to pay for everything out of our own pocket (survey, subdivision, zoning, township approvals, etc.) and not to mention lawyer fees, real estate agent fees, etc. 

@Zackarias AitchisonHere are some helpful websites:BestPlaces.netCity-Data.comCensus.govFactfinder.census.govcensus.gov/programs-surveys/ahs.htmldata.census.govStateLocalGov.netSpotCrime.comWalkScore.comDeptofNumbers.comDataUSA.ioBea.gov (Bureau of Economic Analysis)Bls.gov (Bureau of Labor Statistics)Indeed.com (Jobs)NewGeography.comNeighborhoodScout.comCrimeReports.comFamilyWatchDog.usGeometrx.comSocialExplorer.comCostar.comColliers.comIrem.orgZillow.comGoogle Earth / Google Maps / Street ViewI would research and drive prospective markets and neighborhoods before purchasing.

Create a legal description of the easement (usually need a survey to be binding), attach that easement to property #1's covenants in perpetuity, record the documents.

Did they only survey 3 or 4 states?

I would recommend getting a property under contract, deposit EM, engage lender, hire securities attorney, raise funds, review title/survey, leases, get loan approved, close on property.Reg D raise for sub $5m will probably be $15,000 plus filing fees. 

While my property is fenced, I never paid for a survey of the property, don't know if it's necessary.