My question is,if it is zoned for owner occupancy what issues might arise if I don't live in it or is there a way to get it rezoned to a non owner occupancy property?

I can appreciate that you recovered and I have no plan to stop going through and past any challenges that arise. 

This removes 99% of the friction that's going to arise if they become your 'partner' in the deal.

Anything else that could arise is problematic. 

@David Monroe if an investor does not use capital gains to fund the OZ purchase then no QOZ tax benefits will arise from the investment.You can use cash in addition to capital gains however it will dilute the tax benefits.

I agree with Brian, you will just have to weigh the options of are you willing to risk a rising interest rate in 7 years or do you want to play it safe and keep the same rate for the life of the loan.

After we leave the property, the question arises, whose name should be put on the deed to the house?

At the very least your insurance company could help with legal council if an issue were to arise.

A rising market will indicate a good flip area.

I've since gotten all my ducks in a row and am poised to strike if the opportunity arises.