Outline of the deal:SF: 93,461PP: $4,050,000 ($43.33psf)Capex: $508,000Title & Survey: $16,000Broker's Commission: $101,250 (2.5%)Total Acquisition Cost $4,687,654 Equity $1,875,016Loan Amount $2,812,593Loan Costs 1.00%LTC 60%Interest OnlyInterest Rate 3.50%Going-in Cap: 7.73% at 66% occupancyGeneral Vacancy: 8%Market Rent Growth: 3%Exit Cap: 8.5%3 Year HoldResidual: $54.64psfUnlevered IRR: 9.1%Levered IRR: 15.5%Equity Multiple: 1.47

You would want to get a surveyor to come out and survey your lot, if there isn't already a survey on record at the county.

I also don't see a survey charge on there.

HI BP,I’m a relatively new investor (have 2 units/ under contract on 6 units) and wanted to survey those seasoned landlords out there: When checking out a Buy/Hold property, what are your “deal breakers” that you avoid?

I've not heard this yet. i've only heard fannie saying they'll allow an easier conversion of your primary residence to an investment property.If you've bought a rental home within the year, before you've claimed them on your tax returns, Fannie lets you use 75% of the market rents on the rental market survey with the appraisal.

A rent survey would give you some idea about the viability of holding this for cashflow.

Alta Survey? 

Waiting on the as-built surveys for my current properties and a ALTA survey  to get done on the the land. 

@Dawn Young - Sorry for all the posts but I wanted to add to your list of possible expenses:Engineering Fees, survey, local entity's application fees for development, building permits, parking lot paving (some areas require pavement rather than gravel), stormwater permit fees, stormwater ponds (the design is included in the engineering fees), underlying soil corrections if your property is on peat-y soils or poorly drained land, wetland delineation, building structure engineering, worker's comp insurance if you hire someone (probably not in this scenario), legal fees for an attorney to write/review your lease, legal fees for attorney to guide you through the process of eviction (often called a 'lien sale' in SS circles), landscaping buffers (yes, I've had to install trees to buffer vehicular traffic - that reminds me, one of those trees are dead and I need to replace it. 

do we need to do a survey to make sure the easement is at the right scope and place?