Hard money lenders are basically prohibited from lending on a primary residence under Dodd Frank unless they have a special licensing.

But don’t lose hope—there are lenders out there who specialize in working with investors and understand the nuances of rental income.

It’s by sections not necessarily tied to the city or zip code.

Hi Edgar, in your specific case, the thing that scares most is that is a very old building with HOA and risk on future special assessment. 

We were curious if anyone here had guidance on the market in terms of zip codes on the rise/or key areas developments we should take a look into?

For example, if the legal name of the LLC is MY COMPANY, LLC, a Texas limited liability company, then the legal name used for the EIN application is MY COMPANY LLC [notice the comma was omitted on the EIN application as IRS.gov does not permit the use of special characters).

When it comes to refinance, you either will have to secure the appropriate zoning or obtain a special use permit to comply with local ordinances.

These are professionals with additional training and a stricter code of ethics.

Contact a lawyer to specializes in elderly or people with memory issues and ask them what their thoughts are.As for why the property was sold, that is a decision up to your mom and whoever she gave power of attorney to. 

Finding out that within the "Historic Core" zone, special use application is available to fill out and must be submitted for approval.