They will survey the property and take elevation shots.  

Also, I always make sure that my clients include that it is the lessee's responsibility to pay for a survey or to prepare a legal description to attach to the lease, and they have to handle all of the approvals and zoning issues at their expense.

We now use an online survey tool (like SurveyMonkey) so tenants can complete the MIMO in minutes and we can receive it in seconds electronically.

@Andrew Reilley I’m only a small time investor, not a broker or agent with a comprehensive market survey, but when I did a 1031 exchange to buy a 3-family in that general area in August, and created a spreadsheet of all the options, I was fairly consistently seeing around a 4.5% cap rate.I was looking mostly in B areas, and as soon as I saw anything 5%+, I’d jump on it.

@Nephtalie PierreYour lender is not requiring a survey?

Phase 1:· contract signed· deposit sent in (no work begins until a deposit is received)· survey ordered· power location orderedPhase 2 (once survey completed and power location determined):· Plans and Site Plan ordered· Truss Layout OrderedPhase 3 (once plans completed):· order septic design· order energy calcsPhase 4 (after septic design completed)· septic and drainage sent to update plans set· septic sent to DOH for review· septic design approved by DOH· approved septic design transposed into plan setPhase 5 (after updates completed to plan set):· Completed updated plan set sent back to DOH for final permit approval and permit issue· Completed updated plans set sent to engineer for final sign and stampPhase 6· Plan set signed and stamped submitted to City of Cape Coral Permitting along with permit application· Septic Permit IssuedPhase 7:· Initiate loan closing process· review in City of Cape Coral· Permit Approved/Fees paid· Permit Issued/Picked up· Loan closed (either just before or after permit pick up)· Site Prep beginsConstruction Begins!

Data if from the American Community Survey 

(surveys/ect)How am I to estimate build cost to provide that info to lenders? 

Weighing my options to see what is best loan product and surveying potential locations for STR or MTR would like it close by because I have trust issues.

Many millennials as real estate investorsA recent survey from Harris showed that 55% of millennials are interested in real estate investing.