Thank you for sharing your experience here; it’s a good reminder to be extra careful when dealing with properties like this.This post has definitely made me realize how important it is to double-check zoning and property classifications before closing on a deal.

We care about our investors' success, but it's ultimately up to each investor to take action to accomplish their goals however they do it!

Personally, I would be careful in Florida.

Also I understand the funds aren't available for the improvements so that is another obstacle that has me leaning towards price reductions to move on as soon as possible.The exit of lower tier SFH's is something very few investors care to consider when making their investments but deserves far more consideration. 

With careful planning and local insights, Richmond can be a solid addition to your investment portfolio.Good luck!

Be very careful who you take advice from online, you should get involved with a local attorney and a local realtor.

As long as no “healthcare” services are provided (like medication or personal care), it’s not regulated by the Department of Health.

Lending to Entities Only: (Not required but think carefully.)

You’ll want to handle this carefully to stay within the law.

I understand that it's unrealistic to expect anyone to treat your property with the same level of care you would, but the company we hired has been a NIGHTMARE.