The underwriting thought is that there is a smaller market of buyers for AG zoned land & the usage is somewhat restricted to what these potential buyers may do with that land.

If its a Fannie Mae REO you will also need to double check if there are any deed restrictions on reselling it.I wouldn't recommend Justin's strategy of quit claiming it after closing.

However, I'm not familiar with the general approach I should use, regarding 'HOA' or whichever restricting body is in place on such structures.

It's my understanding that "assisted living" is in different categories, depending on the degree of assistance and care required. for medically assistedpersons, I know some are the waiting room to heaven and not classified as nursing homes, and then there are those for limited assistance, like someone restricted to a wheel chair and who has say mental issues who can not really be on their own.A friend of mine owns several assisted living facilities and nursing homes.

How would anyone flip properties with those type of restrictions.

I have never had a problem performing on the easy ones and I am looking forward to being able to close on the hard ones which we all know are the bulk of our deals.With Rich and Will I believe I will be able to close on the more marginal or restrictive deals thus increasing my profits.

If the land is severly restricted in terms of its use, it will have much less value than if it was unrestricted.

Once you close, you can then find a buyer or do what you will with it, with no time restrictions.

Many agents will not show a home if the showing instructions are too difficult or restrictive.

Just my opinion here: There will be two closings, and everybody buying in that chain of title will be required to comply with the code enforcement restriction.