I've posted the same answer below in another forum, but here it is again for convenience:Rough estimates on costs:Attorney - between $1,250-$1,750 .Survey (optional) - $750-$1,250.Title insurance - Depends on purchase price and is set by law, but lets just say $2000.Settlement agency - $550.Title Search - $500-$600.Miscellaneous (recording fees, etc.) - $400.If you provide the settlement agent with more money than what is needed, then the remaining amount should be refunded to you a few days after closing. 

Basically you have to act like an owner (cut the grass, repairs to a house, survey the property lines for wooded property, put up signs with your phone number, ect.). 

I’m using the remaining $100k to qualify for a construction loan ( $80k) and the other $20k will be spent on construction plans, permitting, surveys.

I had just finished digging the holes when the neighbor drives up and states, “did you get the property line surveyed for what you’re doing?”

Relevant document, such as MAI appraisal, title reports, surveys, historical financial statements, tax returns, projections, line item bids for any improvements to be made, as well as a clear, concise and relevant Investor Proposal Summary.7.

The story: We are in the process of building a DADU and had a survey done.

I state this because many/most poorly self-managed properties 1) do not do rent surveys and do not know market rent and therefore are often charging far below market rent, 2) do not have reliable, competent, reasonably priced handymen/contractors and therefore often overpay for maintenance/cap ex items 3) do not know the housing laws and therefore can get sued by tenant, fined by the housing authority, or taken advantage by the tenant. 

The state licensing has also been mentioned already, so make sure that gets started as well as it takes a fair amount of time to get processed and approved.Beyond the permissions and licenses though, start by surveying what the need is for Kingman by compiling a list of all the current homes available, vacancies, rates, services provided, and then drive by and tour as many as possible.

On another parcels I tripled my money  in less than 1 year on a 100 acre parcel by simply having new surveys done and listing the 5 - 20 acre parcels on MLS.  

Mortgage Rates More Than Double In 10 MonthsFlipping HomesBig takeaways from our survey of fix-and-flippers last week: 1) Rates have massively slowed transactions and prices are falling broadly. 2) Lots of talk about flippers changing strategies, holding-and-renting instead of flipping, or exiting the space entirely.