Have you confirmed zoning?

They should want to see the place in person or it is a red flag.2.

For example, often fire damage is water damage--they put the red stuff out with wet stuff.

So I purchased 4 quads but they are zoned commercial instead of residential so I’m having a little tough time wondering if I should do them individually or all together on a commercial loan.

What sort of per acre/per SF prices are we seeing for unimproved land (zoned heavy commercial/industrial) near Austin airport? 

And, you have to be very strategic with the ration of time you spend there versus rental time so as not to send up red flags for the IRS.

Before even thinking of this you must check with the local zoning to see if it is even allowed. $35 to $60k probably. 

Add the non conforming zoning and it just complicates the situation.

If you're using the same lender from your original owner occupied purchase and trying to buy another owner occupied property through that lender, of course this is going to raise red flags and they're required to read you the rules.

  I bought @Benjamin Noblitt Yes, the noise and the fact that there were no other bids in this red hot market concerned me about the resale potential.