The zoning is important but they’ll also look to make sure you have the appropriate setbacks, parking, and that it’s conforming.

You're probably going for a conforming loan from a non-portfolio lender. 

There are probably others here who have invested there more recently.My main takeaway from having been in Woonsocket for a while was, much of the city receives Section 8 housing assistance, so if you plan to invest there you should be familiar with and comfortable with having your rentals conform to that program (e.g., lead certificates for all units, yearly inspections, etc.).Also, Woonsocket is one of the tougher RI towns on owners in terms of violations (riding around and looking for issues they can send violations on) and permits (requiring things be brought up to current code or otherwise being difficult to work with).

Jean Non-conforming or illegal?

Hi all, as the title suggests I am submitting an offer on a non-conforming 2 unit in the Logan Square area of Chicago.

What market are you located in, do you have a good contractor, does the rental comps conform to a healthy DSCR ratio?

@Vincent Dimedio I would think if a bank is willing to use appraised value instead of purchase price in the loan computations, it could be possible but it wouldn't be a conforming loan and the bank would have to hold the loan internally and not sell it.

Is it conforming, meaning the multi-dwelling units are allowed.  

Aside from verifying there is enough room to make two lots that conform to local zoning, there is the driveway to deal with. 

Such temporary construction buildings shall be removed immediately upon completion or abandonment of construction and such field office shall be removed immediately upon occupancy of ninety-five (95) percent of the lots in the subdivision.7) Customary home occupation, provided that no person other than a member of the family of the owner or user of the principal single-family dwellings, shall be employed or work in or at such home occupation.8) Garage sales if conducted pursuant and in conformity with all other applicable ordinances of the City of Irving.b) Accessory uses: The following uses shall be permitted as accessory uses to a single-family detached dwelling provided that none shall be a source of income to the owner or user of the principal single-family dwellings.1) Private garage.2) Guest and servant's quarters may be permitted as an accessory use to a residential dwelling upon such accessory use being approved as an S-P-1 site plan district under section 2.7.3 of this ordinance.3) Private swimming pool.4) When any of the foregoing permitted accessory uses are detached from the principal single-family dwelling, said use shall be located not less than forty-five (45) feet from the front lot line nor less than twenty (20) feet from any street right-of-way.c) Parking regulations: Off-street parking shall be provided in accordance with the provisions of this ordinance and other applicable ordinances of the city.d) Area regulations: The following minimum requirements shall be required:1) Depth of front yard: 25 feet ( see Section 8.4.2, Established Front Yard, as applicable )2) Depth of rear yard: 20 feet3) Width of side yard: 5 feet4) Width of lot: 50 feet5) Depth of lot: 100 feet6) Land area per dwelling unit: 6,000 square feet7) Only one (1) single-family detached dwelling shall be permitted on each lot or lot of record as the case may be.e) Height and area regulations: The following maximum height and area regulations shall be observed:1) Height of principal structure: 2 stories or 25 feet2) Lot coverage by principal building: 40 percent of total lot areaGood Luck and let me know if you have more questions!