Nashville TN 50x150 lotTwo homes - stacked front to back - popular here75,000 land costTwo 1600 SF homes - 3 bed 2.5 bath @ 105/SF build cost - 336k build cost320,000 sell price per house6% realtor fees14k interest - 4k survey - 1k legal fee - 36k builder fee0% down construction loan if at or below 80% LTVTotal cost of loan = 447k, Appraisal (estimate) = 640k, So total cost is right at 70% of appraised valueOut of pocket spent on soft costs = 20k~141,000 profit10 month timeline

OBJECTIONS: Buyer may object in writing to defects, exceptions, or encumbrances to title: disclosed on the survey other than items 6A(1) through (7) above; disclosed in the Commitment other than items 6A(1) through (8) above; or which prohibit the following use or activity: .

Question,   should I put the money up to have it surveyed and create a preliminary planned development?

Is a tenant survey a good idea?

You can simply take a survey of the neighboring properties to find out their gross income and expenses and base your number off of that.

"The survey found the worst, most outdated features in homes include linoleum floors (40 percent), popcorn ceilings (29 percent), wood paneling (28 percent), ceramic tile countertops (28 percent), shag carpeting (19 percent) and avocado green appliances (8 percent)."

I have to have a survey done first and have initial plans drawn up by an architect. 

The training to become a land surveyor seems fairly minimal and surveys cost at least several hundred dollars for a few hours work.

@Mindy Jensen  You might want to survey users (offline) on the importance of search and how well BP does.   

They are all surveyed and taxed separately, but we had them appraised as 12 units and took out a commercial loan.