IMO better options- If you don't need the money in the next 10+ years look into Annuities I'm seeing 7-9% and you don't have to participate in market downturns.

.✅ Rebrand & Market the Property – Use the new zoning designation to attract tenants or buyers looking for unique space.✅ Refinance at a Higher Valuation – Now that the building is legal and cash-flowing, you may qualify for better loan terms.✅ Sell to Institutional Buyers – Many large investors avoid compliance-heavy deals, so once issues are resolved, the building becomes more attractive to a wider pool of buyers.📌 Example:A historic firehouse was converted into a luxury mixed-use development—significantly increasing its value without major structural changes.🚨 Red Flag:❌ Waiting too long to finalize paperwork – If zoning approvals or permits expire, you may have to start over.Is Adaptive Reuse & Zoning Arbitrage a Smart Investment Strategy?

.): ~$35K (assuming 8%)Total Cost: ~$375K–$385KProjected Profit: $65K–$75K before taxesThat is a decent margin, but this being a two-year project, you need to be sure the market doesn't shift downward, and that you have a buffer for unexpected costs.3.

It took more than a decade but I am excited (and terrified) to re-enter the fray.After dipping my toes into the market, I have battled against my paralysis and taken the leap. 

Look at their marketing strategy.

I have a STR in Truckee that has done very well and I am looking for another STR, was thinking of the Sacramento market but I hear conflicting info on the permit process and the ability to rent it out for more than 90 days a year as a STR. 

Hopefully we will be managing a handful of other STRs in the same market in the future.

But I'm starting to wonder if and when some appreciation resumes, and if and when market will dictate rent increases.Appreciate any opinions - thanks

I'd love to help anyone break into the Huntsville Market! 

I have found a good market and have built a good team thus far and I'm ready for my first flip.