Or is the survey the lenders requirement?

A Phase I with asbestos, lead, and miscellaneous toxic materials surveys of that building should cost $3,500 to $4,000.

This is a survey.

I've wholesaled both and the differences I noticed were:1) You'll want to get a survey so that you know exactly where the property begins and ends.2) In NJ (and the northeast in general) there are issues with underground storage tanks (UST's) that were used from the 30's going forward when many homes were converted from coal heat.

We have topo, tree, setback, etc. survey items from our surveying company and have looked at access to utilities and floodplain items.

Did you have a survey done?

We are going through the survey and getting the land subdivided right know and I know that will be a question coming up soon.

We are going through the survey and getting the land subdivided right know and I know that will be a question coming up soon.

Different properties and finance and structure terms.Secondly even if you got a seller to give a second with no money down you still have for 5 - 12 units about 8k to 10k in closing costs with phase 1, cost reserve stable, appraisal, site inspection, survey, etc.Lenders typically want 75% LTV which even if a seller holds a 15% second you still have 10% needed.

It's not just dry RE Law books or books on surveying, but all kinds, likely they have some of the "investor" books (I know I saw some) as well as technical references.I was just thinking.....If you all, (enough people) would be interested I'll check them out from the BoR, read through them and give you a short version of recommendations, a synopsis, opinion but no endorsements as such.