But at the same time you should do a market survey to see if they left even more meat on the bones and perhaps you can raise it even more.You say the current owners did the value add and you plan to just hold it for 5 years and trade up.

Hi Angela,Attached you will find the survey done last year.

LOL, not really something to laugh at.Soo much to pack into one reply;  you need survey, structural engineer, often an architect for the drawings or a tight relationship with a draftsmen who does these old house drawings FOR the county permitting process. 

Development costs were limited to construction of punch outs for driveways, the private road, county fees and surveying.

Commissions don't cover surveys, inspection, lender fees, or fees needed to acquire the property. 

If I were you I would have it surveyed & subdivided into 2 parcels so you can pass the HBU tests without any obsolescence. 

Moved to Housing News & Real Estate Market.WSJ.com - Seasoned home buyers approach purchasing process much differently, survey showsThe link won't work for long, though.Was there a particular bit of info you took away from this article?

I see economy of scale only with inspection, survey, and attorney fees resulting in relatively high acquisition costs for a package deal.

That will trigger a "maintenance survey" of the property with a day or two notice so they can attempt to put things right.

I think they are wanting to move out because their adult daughter moved out and they want to downsize, I believe between the two of them they make enough to cover 3x rent; I sent them a exit survey for a gift card which they haven't returned.