Your best bet is to talk with the zoning department and let them know the situation.  

Seller financed deals provide a lot more flexibility as everything is negotiable.

Flexibility with your rental requirements can go a long way. 

I am definitely not pro adjustable rate interest financing.A newbie investor may not see very much flexibility in some lenders,  like someone who has a larger portfolio might be able to accomplish.The reason I mentioned both together is the lender is basically a partner in the deal- a senior partner in a way.

I've heard good things about Oklahoma, but it is very far from CA and I personally wouldn't bet on very speculative developments across the country.

I think your best bet is to go with a Correspondent Lender like we are because we can get you multiple offers to ensure you get the best rates and terms available for your scenario.The best lender is going to depend on the qualifications of the borrower, the property and tenant type as well as some of the specifics of the lending scenario.For the Borrower:1.

Additionally, you could explore creative financing options like seller financing or lease options, which can provide more flexibility without immediately impacting your loan qualifications. 

We no issues closing in an LLC, as a matter of fact most of my lenders will prefer it (assuming it is not your primary residence)Assuming it is not your primary residence, the easiest way to do this deal would be through a DSCR Loans.A DSCR Loan will use current rents or market rents if the property is vacant and personal tax return from you would NOT be required.It also referred to as a No Ratio Loan because your personal Debt To Income is not important.What is important is that the property can pay for itself.If we keep the LTV Low the rate for this loan can be better than a conventional loan.If you ARE Living in the property and you want to keep it... it would mostly depend on how motivated you are and how willing you'd be to "postpone gratification"The best bet is still a DSCR Loan.. which means you moving and renting the property out.We can bring in Asset Based Financing that can help with cash down (if you need it) or to pay cash for another property for you to reside in.Once you're moved out we can do the DSCR Loan at a 70% - 80% LTV or we can calculate a comfortable cash flow number.For example, max cash out that will give you $500 cashflow after a full PITI payment.Let's discuss more!

For example, a 10% return (or reward) can be worth the risk if you are investing in a Class A single-family rental in a great market with an A+ tenant, but not worth the risk at all if betting on a 16-seed to make it to the Final Four in March Madness.Investors in mortgage bonds utilize the risk-and-reward framework when allocating how to invest capital.

A lot of people want out of the city.Sure, rising population metro areas are a safe bet when it come to investing.