Familiarize yourself with the subdivision ordinance of the county you plan to develop in and it will guide you through the steps such as surveying, preliminary plat approval, roads, etc.

It may be a good idea to survey a couple local property managers on this topic if your intent is to hold the property for a while.If your kitchen doesn’t have the basic amenities as other rentals in the area do at similar price point, than there is potential for longer vacancy periods.

You’re also going to have customary closing costs, phase 1 environmental report, inspection costs, survey costs.

So we did our own surveying, engineering design, city submittal, and construction management...all in house. :)I also tend to agree that at our early stage we may need to offer something in between 8-15%, maybe closer to 10-12%.

A survey or site plan of the property will help them be more specific with the answers.Good luck.

You may have to get a survey and thereafter file an affidavit of adverse possession with the survey attached.

My numbers below include architect fees, utility taps, engineering, permitting, surveys, and GC fees which are sometimes omitted from a builder's $/sqft number. 

His advice was that I should have a survey done and have the easement, parking area, and slips divided into separate parcels, and then based on the appraisal, that they would give me clear title to each of the slips as I paid their respective parts of the overall balance down.

Who designs the survey?

From there you would need to talk to an engineering firm that do a topographic survey for drainage and well & septic or if there is city/public water/sewer then you need to speak to the local provider to see how much your tap fees would be for the number of units you want to put in.