You would be wanting to look for a CPA/EA/Tax Professional though to help guide you through this process.

Permitting is a long process.

It sounds like it could result in some additional headaches and even lost rent during the inspection process, so it probably wouldn’t make sense for me unless there is an upside in terms of higher rent.

I am currently in the process of eliminating all my debt (about 7000) and then resume my savings.

@Gabriela Angel nothing good comes from tenants knowing you are the owner.They just get to pressure you for immediate responses, whereas you typically want time to think and respond.Many here will state otherwise, but won't provide LOGICAL reasons, only emotional ones.

Whether it’s a luxury penthouse in the heart of the city or a serene waterfront property, we leverage our extensive network and expertise to connect investors with brokers who have the perfect listings.As an investor, not only do you gain access to a curated selection of properties tailored to your preferences, but you also receive expert guidance and support throughout the entire purchasing process.

In addition, they are looking to make an ROI (all RE investors should be) which often results in the lower value than the emotional purchases of the SFH purchase. 

If you are interested in the portion they initially offered, you can use the results to bargain with them and obtain the additional land; the cost of the survey becomes part of the process. 

Your agent should be able to walk you through these options and the process for each

I would also highly recommend you starting the loan process now.