For my part I am continuing to bet on the US and making my investments here.

Evicted tenants will move to the next C or B Class property down the street.

If the property is class C or below, I've heard good outcomes with it.

For those who aren't trying to be the next Warren Buffett or Peter Lynch (in addition to being a W-2 employee, mom/dad, husband/wife, volunteer, etc.) at least the index fund will allow you to bet on the house. 

Susan,Bank of America uses local Real Estate agents to sell their properties so you would need to talk to the loan officer and politely ask them which agents they use in particular.They may tell you to hit the road or they may just call the agent for you and tell them to contact you but,don't bet on it.The banks want the widest exposure possible when trying to sell their REO's and don't play favorites unless you are a multimillionaire and looking to buy dozens of their properties at one time.

In any case, here's what I found in the zoning code:  33.205.020 Where These Regulations Apply An accessory dwelling unit may be added to a house, attached house, or manufactured home in an R, C, or EX zone, except for attached houses in the R20 through R5 zones that were built using the regulations of 33.110.240.E, Duplexes and Attached Houses on Corners.and 33.205.050 Density In the single-dwelling zones, accessory dwelling units are not included in the minimum or maximum density calculations for a site.

If his tax returns reflected reality, which is a single sole proprietorship that SHOULD be perfectly fine on Schedule C (or at most a single S Corp), it would have been a 20 minute preapproval. 

I thinks it’s a safe bet on urbanization but that doesn’t mean I would spend a second on it.  

Pros- Your attoney may clear an issue that others have had problems with, say to partition owners or cure a survey issue and thereby making the property more marketable perhaps more valuable.Cons-you may not get your way, bringing false claims is a good way to become liable for costs, expenses and damages to others.I suggest you be aware that title issues can be cured and that before you bet on the success of obtaining Quiet Title you seek legal advice before you buy a property or add to any existing complications.

Deal SummaryProjectionsPurchase Price: $203,500Closing Costs In: $11,100Rehab/Holding: $70,913 (includes 10% contingency)ARV: $340,000Closing Costs Out: $11,642Profit: $55,290Time: 180 daysInvestor Cash-on-Cash ROI: 11.0% (23.5% annualized)ActualsPurchase Price: $203,500Closing Costs In: $8,382Rehab/Holding: $90,563 (oops)Sold Price: $353,900 (that helped)Closing Costs Out: $14,866Profit: $49,034Time: 165 daysInvestor Cash-on-Cash ROI: 10.0% (23.5% annualized)StructureUsing OPM, and given my limited track record, I wanted to structure an offering that limited investor downside risk and gave them confidence to take a bet on me.