Plus the survey is only signaling a desire, not actually movement.

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

thanks for the reply, the property is two seperate buildings.The flood ins will be able to be exempt after survey and proper forms filed, properties around these went though the process to be removed from FEMA Zone.

So, for example, where I am, I would get a credit for 6 months of property taxes at whatever the current rate is, and that comes off of my total funds due.Closing costs are going to be your finance costs (if any), title work, deed registration, surveying, legal fees, etc.  

(I recently had a buyer back out because they found out that sheds were not allowed per HOA CCR's)If you reserved the right to have a survey conducted, you may be able to terminate the contract if something shows up on the survey that is not acceptable to the buyer (a drainage or utility easement that was unknown, a fence that is over the property line, etc.)Deals can fall apart over financing, as well.

The local partner takes care of contractors, ensuring rehabs stay on plan, surveying of properties, keeping records, etc... - The distance partner takes care of speaking with sellers/buyers, finding tenets, screening tenets, creation of leases & other contracts, finding financing, etc....

I'm under contract and the duplex has two separate addresses, one address for each unit, and two surveys.

Here are the fees: Survey Fee $135 Title - Abstract $750 Title - Closing Fee $300 Title - E-Recording Fee $15 Title - Examination Fee $175 Title - Federal Court Check $50 Title - Final Title Report $120 Title - Lender's Title Insurance $617 Title - Title Services Fee $150 Title - Uniform Code Cert $50Total: $2,362!!!

Chris, the thirty day notice of ending the month to month is pretty standard, but you could give the tenants a chance to apply (your application) and if approved, use a lease (your terms) and explain you did survey the market and found them 200-300 hundred under...

Do you perform tenant surveys?