I haven't investigated terribly much into rent rates and such, but my question lies in the technicalities of surveying and future plans.

The property is owned by Bank of America and has a fixer upper home in the front with a mobile home in the back of the property that has been rented for an unknown amount of time.Both a survey and title search have revealed that the mobile home is on the property and has been detitled and joined with the property.Has anyone has run into this type of scenario before and have any tips or advice to give?

Meaning now you would have to follow set back distances ect.Im assuming an actual survey has been performed on the property?  

The next step would be to survey the property and submit the necessary applications (preliminarily short plat). 

The property is owned by Bank of America and has a fixer upper home in the front with a mobile home in the back of the property that has been rented for an unknown amount of time.Both a survey and title search have revealed that the mobile home is on the property and has been detitled and joined with the property.Has anyone has run into this type of scenario before and have any tips or advice to give?

.- Survey - I don't think this is really a thing done everywhere, but around here, it can cost around 350-400 for a normal city lot to be surveyed (greater for more land) and can be pretty expensive for the sellers.

Do you have a second for a quick market survey?"

Recent price reduction of $120K and we got it under contract almost immediately after it was listed at the new lower price.We have done local rent surveys and we think we are competitive.We're still in the Due Diligence phase right now, and are getting: Appraisal, environmental study, HUD statement, utility details, insurance, financing.Anything that you think we should be considering here, either about this deal or about getting into an office building in general?

How much value is added to vacant land by just doing the basics of getting it professionally surveyed and getting utilities to the lot? 

The STR has higher expenses than LTR, so this is no where near as much cash flow as getting $15K/month for an LTR but it is significant positive cash flow.I suspect the rent as a LTR will be between $5.5K and $6K per month but we have done a rent survey yet in part because I am anticipating the LTR rent may fall due to the increased supply of LTR units.