If you want to take a deep dive, you can view an overview of the proposal here, and draft text of the proposed amendment here.In case you just want the highlight reel, notable points include:1) Allows up to 5 adults of any relationship to live as part of a household2) Rent-by-the-room scenarios managed by non-residents would still be prohibited in single unit, two unit, and row house zone districts3) The 20% of properties still governed under Chapter 59 (The 'old zoning code') are not covered by this change4) The number of vehicles allowed to be parked on a zone lot is also proposed to be changed.

They each have their pros and cons, highlighted here:Keep in mind that we are talking about non-owner occupied investment loans; I still see several cases of investors shaming each other because one got a 2.5% interest rate on their primary residence while the other got a 3.5% rate on an investment property conventional loan.The main point is that conventional loans are going to be your cheapest option for a 30-year loan, but they are more of a headache to get.

Make sure you get your own inspector and above all read the entire report from start to finish and highlight everything thats wrong with the unit. 

The highlighted area is what we own and is all located in a mixed use zone. 

I see things when I tour rentals, but typically submit my offer without a list of noticed deficiencies (Let me know if this is a dumb move).then the inspector looks around, we highlight the biggest ticket items and ask for repairs or some money back.

Are you sure about the bold part I highlighted?

I just moved from Monterey, CA, and have been blown away by how much Huntsville has grown and the availability of highlight skilled jobs. 

Purchase price: $2,100,000 Cash invested: $1,000,000 Highlights of the deal:$12K per unit under market value, or $528k below market price$92,640 annualized opportunity to increase top line revenue, at a 40% expense ratio, that would add 56k of NOI, or $855k of value to be realized35-45% Of the units have not been renovated, leaving us ample opportunity to add valueGarden style, has great parking, and a poolOne of the units can be converted from a leasing office into a unit!

I am going to give the details of the purchase just to highlight where I am starting so you can help be figure out where I need to be. 

Highlight your awesome character traits, skillsets and maybe that will help you find what you were looking for