@Frankie Lotrec if you have an existing loan on the property and you plan to legally convert from a 4 unit to 5 unit , you should check the loan documents because you’d essentially be converting it to a commercial property, since 5+ units is considered commercial and subject to different appraisal approaches and so it would rule out the property being considered for purchasers utilizing residential financing.  

He told me he owned a few mobile home parks in town (they were large and had high lot fees) and this is what sparked my curiosity.

I wanted to see what these guys were up to, so I pulled up in front of a house where it was parked, on Arquilla Dr, got out and knocked on the door.

So you know how that goes,  closer to the parks the better

The building next to yours looks much nicer and has THREE security vehicles parked in front.

Also ask, when you submit the plans does the city give a hard time on all the stuff or just a couple things. 

Dennis' dad and I actually tripped over something similar back in Chandler.. we learned to tap into city planning websites and even call the permit offices directly to get a real sense of their backlogs.

I’m currently house hacking and planning to buy my next property in about 6 months.

To do this legally, I know plans need to be drawn and submitted to the Planning Board.

Even if the rental has a decent cash flow with additional flood insurance, we're still not sure we want to take on that risk as we are out-of-state investors (planning to move back to KY in the future, but not now) and we don't like that it will potentially bring down the perceived value when we try to sell it in the future.The seller has never lived there and has not provided any information on if it has flooded before or not.