Its also a bit of a red flag if they tell you they need a week or so to come up with the $500. 

The primary residence and one additional dwelling unit without any additional requirements, fees, permits, licenses, zoning, or related restrictions."

Zoning & Land Use is something that has a ton of importance and it seems like I need to understand how to establish road access and utilities (maybe they are already established – I’m not sure).

That’s pretty cheap for the school zone.

I wouldn't touch a 2 million dollar luxury home. the land cost at 400k is too much as a percentage of the after built value too. we try to underwrite 10% and normally try to buy land that has 5x multiple through zoning or entitlement for additional upside.

It’s zoned R4 so I’d love to build 2 townhomes on each lot if possible.

Even if marked as commercial, getting it zoned as a storage lot seemed darn near impossible when I talked to the county. 

I used my own construction and real estate experience to get them through the governmental red tape and turn them into profitable rentals.I’m a third generation builder with an accounting degree with bullet proof spirit.

Not an issue as to title, it may be as to an occupancy permit, start with the zoning office. :)

Is this standard practice or a red flag?