Hello, I'm new here and want to learn all I can to become a successful real estate investor.

I would need to have drawings created and a new survey taken.

This sounds like an LP relationship where you will receive membership interest in the deedholder LLC.

Having said all that, when you and your membership get above 4 (or 10 depending on the current rules) Fannie Mae loans, it makes sense to get LOCs against rentals because you can't get government subsidized long term money.

Who cares if the response rate for the surveys has dropped from 70% to 40%?

You'll more that likely have to do a Topographic Survey and apply for a Floodplain Permit. 

From 3D printing of building materials to the use of drones for site surveys, the possibilities are endless.

Here is my expected cost:Land: $475kAcquisition Costs (Environmental, Survey, Geotech, Traffic Study): $25kSoft Costs (Engineering, architect, impact fees, permit, legal, closing costs, taxes, interim interest): $300kSite Development Costs: (Earthwork, underground utilities, curb cuts, fencing, stormwater, paving, landscaping): $800k ($400k/acre)Subtotal before vertical costs: $1,600,000 ($80/SF). 

BP has leases for every state that they sell and they're free if you have the Pro membership.

There was a local survey that was sent out from January 1st- February 29th of 2024 to pose this question.