I have 3 Market reports for my region for the first quarter of 2014, and they survey the market, and offer stats.

We have interest only at 6% for 9 months or $483/monthClosing Cost $2,940 which included survey and title policy to help seller.Down payment $3,876.12Insurance $400 during rehabTaxes will be @ $200/ monthUtilities $100 / monthRehab $10,000ARV expected @ $135,000This home will rent for $1275-1350 if we go that way.The rehab is a lot of landscape and clean up of 1.85 acresExterior home clean up paint and trimFull rehab of both bathrooms, paint in bedrooms, floor covering, appliances, countertops and dress up with back splash.Estimated cost for holding 2 months $95,816I think I got everything.Thanks So Much.

Do you need an engineering analysis or survey?

A Hybrid contract of sale... a way to close more transactions by joint venture A commercial contract of sale, 3 pages with special buyer requirements related to environmental conditions, existing suppliers, surveys, buried oil tanks and other conditions that must be known to make a profitable and safe transaction An option agreementAn informational pocket pack with 52 options to financing and control a building without conventional financingBlank checks, pens, carbon paper, A list of referencesDisclosures for lead paint and other state or federal requirementsCell phone with camera to take pictures of the nice things and negative aspects of the property and to take a picture of the contract to email confirmation to seller and to your title company or lenderA gift, something for the seller to remember you by, I give Indian Head Nickels away, pens, note pads.Blank addendum forms - these are used to attach to your purchase agreements (you don't want a lot of chicken scratching on your contracts; use them to write some of the following; 1.

And don't forget about the annual survey from the State to make sure the facility is running as it should. 

Title and Survey.

When you are putting say 25 to 30% down generally not as it drives the LTV to high up for the lender to be comfortable with the numbers.Appraisal: 4,500Site inspection: 2,000 Survey: 2.500Phase one: 2,000Owner property insurance policy: 8,000Pre-paid escrows and lender reserves: 10,000Title policy: 6,000Buyer commercial attorney: 12,000Total: 77,000This is just a general idea.While you do save on costs buying something larger to close it you still have substantial costs involved.

Survey, Personal Appraisal. etc.

But I assume you'll be doing extensive due diligence before you purchase, anyway, so maybe the tenant will  be satisfied if you just share your inspection reports and the building plans, environmental reports, surveys, or whatever else you'll be undertaking anyway. 

So I asked him whether he had surveyed what the nearby competition was offering, and he mentioned that a newer building was including refrigerators nearby.