Our goal is to build a long term rental portfolio.

How beneficial the study is to your specific situation is dependent on a lot of factors.

Compare what you see to the deed etc - there could be a shared driveway or some other easement.Also if the building is occupied you will be dealing with an eviction as well so you will have to factor that into your costs/bid.

I am bullish on the location and the building.  

Most conventional or Non-QM lenders will require an independent third part assessment but if the LTV is low enough and some compensating factors, occasionally for a rate and term refinance lenders will allow a drive by or 'online' appraisal.

There's been posts about people on this board building at 3% and the bank floated their rate to 8 or 8.5% over the year it took them to build. 

First step is always the hardest, but now the momentum starts to build!

I'm just not sure which route I should take to start building an empire.

We build multifamily dwellings and create a lot of house hacking opportunities.

I focus on wealth building and doing what I love.