I'm kind of new to commercial deals....I contacted a commercial real estate developer and he wants to see a survey and a title commitment in order to consider the land that I'm selling...Is this common? 

Oh and rents do go down...just an example..https://www.biggerpockets.com/blogs/4430/53887-les...Leading up to the crash, Kevin and the investment group wanted to mitigate their risk, so they committed to purchase SFR rental properties for no more than 65% of market value.

In my opinion you don't want to commit fraud ever, but double so with a Federal Government entity.

It wouldn’t affect property tax assessments.....they are not based on the subject property sale, but on comps at the end of the year.The seller is trying to commit tax fraud.....the reason he wants to do this is because a title company must report sales proceeds from real estate closings to the irs....there is no “real estate” closing in this case, just the sale of an llc interest and he plans on not reporting the proceeds.

@Stanley Bronstein If the title company put this as a requirement in the commitment (common on this coast), a thorough lender will request documentation satisfying the condition.

This way you're committing to an investment with an informed calculation of the intended returns.  

I would pass personally, but if you decide to move forward pay particular attention to the repair receipts for the POH over the last 3 years which is what i would ask/demand before committing to buying it.

I am looking into REI, as a part time worker and a full time college student I don’t have a lot of time to commit fully.

Before you commit to a deal like this, consider what could go wrong with it. 

When you are focused and have committed to the decision then talk to an agent.If you just want to casually talk about real estate meet them at a networking event