Quote from @Hamp Lee III: Welcome to BiggerPockets!

@Alex Lee, it depends on the lot size and more importantly, the County/City ordinances.

@Peter Lee The city may issue a violation if they discover that you have been renting to a tenant in a unpermitted unit.

Originally posted by @Lee Bell:Sometimes you just have to retrench and shore up what you've got before proceeding.

@Lee BurnsI have a property management company who does my other properties and they provided a rent comp analysis, so I feel good about the income projections. 

great advice from @Hamp Lee III and @Bruce Lynn here.

Lee Ann,I have seen an increase in investors buying in TN and Knoxville, and around Nashville is still a Hot market.

I just realized that one of my rentals in Lees Summit is in a flood zone. 

If you are not 55+ then you cannot buy the property in the majority of the communities around Pinellas County, Citrus, as well as Lee and Hillsborough, that I know of anyway.I seen a 4 bedroom/3Bath Townhome last year in a "great" community well kept - huge cement wall all around property, beautiful lake, 3 pools etc.

@Darrell Lee Thanks for that recommendation.