If you have information please send it over! 

The only information I had to go on was with the last Lender informed me so maybe it was specific to the company they were with.

If you’re referring to the “newbies” with $10k to their name that watch a video by Pace and get excited and pay for joining, go out with their last $5k and do a sub to with a “desperate” homeowner without revealing all the possible consequences (because they are unaware of the consequences through lack of experience and lack of knowledge and or choose not to inform the seller) then I agree, it’s probably going to turn out badly for all concerned.If on the other hand you’re referring to a seasoned investor with excellent credit, significant cash reserves, who wants to add a property to their portfolio without going through loan qualifying, and can pay enough to give the seller “walking away” money because of the low existing interest rates and or, and is dealing with a informed seller, then I find nothing wrong or negative about the transaction.  

Believe it or not I've gotten more information out of this thread already than I've gotten from some very expensive wealth planners.

Be careful following the advice of strangers on the information superhighway.

Apply for a dimensional variance on the vacant lot to allow a smaller lot and/or setback so it can be built upon.Your best first steps are to sketch a plan, possibly with an engineer's help, then contact the zoning department to discuss your idea with them to get informal feedback on your liklihood of success before you spend a lot of money.

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Lancaster city limits short term rentals to only certain zones of the city so definitely look at the city website for that information.

While we focused on his market for ADUs he did share a lot of valuable information that is transferrable to any market.