What information do I need to get on zoning, utilities, etc.You need to find out the requirements for development like setbacks, lot coverage, height restrictions, parking requirements, etc.

@Frank Agyeman-Duah Some fantastic advice and direction on this matter above so I will not touchback on any of that coverage. 

The debt coverage service ratio (DCSR) will be a factor and you will need to have a net worth equal to the amount that you want to borrow.

@Daniel Ryu Thank you for that I figured the cash on cash return would be 10% if you invested 2,520,000.I wasn't familiar with the IRR formula but found a comprehensible explanation of how it's used and why it's useful. https://www.investopedia.com/terms/i/irr.asp Thanks for the guidance.

And, this is why it is recommended that both the buyer and seller engage insurance coverage.  

Be aware, though, you may have a problem here too- if your policy is for "owner occupied" then you may not have coverage. 

Finally, they fervently believe in the two biggest lies of home improvement: one-coat coverage and paint+primer in one.When it starts cracking and peeling off in big patches three years from now, it's on you.

Brendan - go huduser or search HUD Comprehensive Housing Market Analysis and choose you region from the right them state/city on the left.  

@Ahmad Frost - When I took the course and test I kept it pretty simple and just used the illinois.gov website below:https://www.illinoisrealtors.org/education/real-estate-license-illinois/It was comprehensive and provided enough information and detail for me to pass the test. 

@David Flanders Are you looking for that coverage under your rental property policy or are you starting a contracting biz?