To have an current appraisal is still helpful as it may be background data for purchasing property insurance.I still do a survey before closing as I want to know if there is a boundary issue.

I am like WHAT I spent money on Survey Geo tech plans etc etc and now we cant close..

When we asked the assessor & bldg. inspector how we subdivide it they replied to just draw a line on the map, get a survey done & submit your new lot.

The appraiser did a rental survey and you paid for it, get that.

I gave tenants a brief survey and all indicated they use coin-op laundry.

The developer has also obtained permits from the city and county as needed, as well as the approval of local residents and has had all the requisite surveys for drainage and flooding, and whatever other concerns that a developer and the community would have. 

Most commercial assets require the same general inspections, financial analysis, who pays for boundary survey and alta, environmental inspection, and how rents, deposit are taken care of with 30 days due diligence so if it were me I would not use a lawyer on the PA unless you have no idea.

...Do you all have resident surveys?

@Sean KuhnI like fixed rate 15 or 30 year amort.While you plan on paying off the mortgages within the 5 years, things happen and 5 years is a long time to predict the future, but a very short time when there is a balloon hanging over your head.While nobody likes all the Fannie regs, the lower fixed rates are worth going after.There was a post at the National Real Estate Post, just today about how people would rather spend a night in jail, or gain 10 pounds than go through the mortgage process.http://thenationalrealestatepost.com/hilarious-mortgage-survey-is-very-revealing/?

Attorney fees, environmental, surveys, etc are paid by you.