You won't be forced to de-convert unless you have violations...eventually the city will start fining you.Very critical terms are non-conforming (no violations - grandfathered in) vs. illegal (violations)...

They actually failed to pay taxes in 1983 as well according to the follow up article below. 2 years later in 2017 the County reversed the sale voting 7-4 against “these out of town speculators trying to make a big payday” and for the fine people of their district. https://www.sfgate.com/politics/article/SF-supervisors-to-vo...

As for the loan since you already have rentals, you will probably be fine with a conventional.

If you can get hold of a reliable and honest builder, you will be fine (that does not mean you will not go over budget).Low CapEx, Little Hassle, Quality Tenant, You can manage new construction out of state for the first 5-years, Tenant May Stay longer (because is a brand new house) are few benefits of new construction.You may not be able to get close to the 1% rule though.Goodluck

You would have been perfectly fine with a TX LLC given that's where the properties are located.

To stay ahead of any issues, we offer coordination of gutter cleaning and furnace tune-up every fall and spring clean-up every spring. 4) Own the outcome—This is the philosophy we live by.

Kansas City is the “Heart of America” a transportation hub in the center of the country with a small city feel and the big city attractions of art, culture, fine dining, and professional sports teams.

I'm fine with that honestly, but when it doesn't appraise, it makes me question the renovations and the value they actually provided. 

Property is fine as is but if fully renovated in my market I estimate 500k-550k ARV.

That's fine.