It was recommended to me that I get a structural engineer on property to do an inspection but that costs $1500 so I'm not sure if I should spend that money or just get the work the original company suggested done.

I'm working on projects in florida and ohio. entitled or unentitled is a big difference. we typically look for land in larger tracts in columbus ohio for under 50k per acre. that's mostly rural land that is then entitled through engineering and zoning variances, a huge money maker if you don't do it. entitled land depends on density. lowest I've seen is typically 6 dwelling units per acre and highest I've seen in suburban markets might be 26. i think there is a lot of missing things to answer your questions like how big of projects, but I can give you a very recent lot we featured for investors who build a stacked triplex with us around Orlando and other markets in florida. it was a 43k piece of land on about .3 acres. through planned development you can get a duplex approved it was in poinciana in Osceola county. that's on the small side and it's hard to find land and it wouldn't really increase in value there but that's about 5k or less in fees to get that done. so all in 50k for a 2-3 unit. so 25k a door would be a good price to look at. normally as you buy at scale it gets much cheaper because you are doing all the value and creating something from rural land or wetlands, etc. entitled land typically sells for 11k-13k per door I would say on average in suburban markets on a national average. that is extremely difficult to track but we work with groups in land entitlement all over the country who co -develop with us and we create benchmarks that's more of an internal conservative and we push high density and multifamily to maximize profits on the exit once the project is entitled. 

AND when you are ready to move in, take down the wall and make it into your original house, OR BETTER YET, when you are ready to sell, sell it and it will likely command more money than your 5/3.This will allow you to keep the house until to can settle your feeling and make a decision on what you want to do.

Never send money in advance for their fee's  NEVER. thats a huge red flag that they are just out for fees and are fake lenders.2. bad or not really good written english .. on the phone they sound like they are off shore ( which they are ).3. rates  lower than market most of the fake lenders will advertise 5% rate that does not exist.4. insisting you pay for mortgage insurance  there is NO mortgage insurance on PML HML loans does not exist.While NMLS registered and state licensed is a good way to vet a lender keep in mind only 12 states require it.

Also ask if there is a cap on assignment fees.

Very frustrating to have a $7,000 fee come through with no notice and include items I didn’t want.I’m likely going to ask that they at least cover 1/3 of the cost.

Everyone,  let me make the reason for this post clear.

A LOT of you all are getting fooled into believing that  to become successful you need to lie to sellers, , low-ball sellers, cold call people, DMM, people, an...

There would be virtually nothing on our part to do at all but yet we would get a 10k 5k, 30k assignment fee?

If you're 50/50, then you'd have $90,000 + 1/2 of the original investment owed to him. 

I am looking at a DSCR loan (75-80 ltv plus FEES)  but I wonder if there are better products that can allow me to utilize a bigger chunk of my equity to move forward.