Red state.

hey @Greg FriedmanGiven that you’re planning to move abroad, one key consideration is the time zone difference.

From what you say is that they are not legal to be there based on today's zoning (non-conforming), but they are legal based on when they were installed (legal).

No red flags here???

This way, you will eliminate the custodian completely with its fees, red tape, etc.

Opportunity Zone InvestmentsAn Opportunity Zone are areas that struggle with poverty and lack the necessary access to economic opportunities.

The building is zoned mix-use so I could always just make the 1st floor residential into an apartment. 

There are STR zoning restrictions, you will want to research on those before jumping in. 

What type of red tape are you referring to?

This thorough investigation helps identify potential red flags and ensures that the sponsor has the resources and expertise to execute the project successfully.Financial AnalysisExamine the sponsor's financial statements, funding sources, and capital structure to evaluate their financial health and stability.