Our offer was accepted yesterday, and our five day due diligence is supposed to start tomorrow.From what I have thoroughly studied on the comps, they do sell within a decent time frame and for much higher than the purchase price, although the majority of comps are slightly larger in sqft.

The other issue aside from the giant hassle is now that the payment is higher I'm less likely to cash flow and will be at slightly  higher risk of default.

@Bonnie LowYou threw at least four separate (albeit related) issues into one pot, which makes decision making very confusing.1.

- Is there a potential zoning issue (property is residential single family)?

discrimination  issues. 

I'm confident in my ability to turn over tenants and deal with issues.

You can order a property inspection report which will show you any concerns or issues with the property.

Population is growing aggressively and jobs are moving here especially with major employers like Intel, Google, Amazon, Nationwide, etc.

You really want to make sure that the land you are buying doesn't have any major constraints that can't be overcome, or even if they can be remediated, at what cost, i.e. environmental, soils/geotechnical, adequate access, zoning, etc. 

No remodeling and no major fixes.