It takes years to get approved.

I recently got pre-approved and am also on the hunt for my first investment property.

First you have to face the local municipalities & will be extremely difficult to get the zoning approved. 

Therefore, it’s not guaranteed to be approved or implemented as it currently stands.

•Find out who actually makes decisions—tenant approvals, renewals, evictions.

It will have to go thru township's approval, but I need to figure it.

I hope tenant willingly leaves because NYCHA actually notified months ago that she was approved for another voucher.

UPDATE:  Just chatted with the city and learned that variances have a high threshold for approval.  

Start networking with local agents and investors for insights, and talk to a lender to get pre-approved to understand your budget.

You can still build two separate homes on the same lot, offering investment flexibility.The streamlined approval process is a huge advantage, cutting out the red tape of lengthy public hearings.