@Holly I HansenMoving from a single family property to units throws up red flags to underwriters unless you lay out the reason (and the reason can't be because I want to grow my portfolio). 

I'm planning on doing short-term rentals in the future but the current zoning is R1-6 AO which doesn't allow for this.

I feel like I'm in the twilight zone, can anyone offer some advice here on the legality of such a situation and breaking a bonifide payment plan that they offered in the 1st place.                                        

For example, the land in question is zoned commercial which I intend to build a small mixed-use property with apartments and ground level commercial space.How can I check to see if there are any liens on the land plot?

Also, before changing it to add units, check with the zoning department to be sure you can have a multi-family in that location.

I am analyzing some deals that are considered opportunity zones.

@Austin R.I ran this buy my attorney and in most states it is not legal /allowed by zoning to lease the house and own the landI had taken back properties in the past as a lender and was thinking “let me just sell the house on a ground lease for 30 years” After numerous convo with attorney said it’s a no go on residential

I would sell anything in a flood zone unless you like helping your insurance agent cashflow lol.

Yea, I wasn't intending to manage for others this year but it fell in my lap as a friend's fiancee has her old place she wants to rent out... so I thought I could help a friend out when they asked and get outside my comfort zone and grow a little.

Also I did account for all expenses not just the mortgage and the fact that this realtor and his partner are eager to offload this property is a red flag, I will make sure to triple check everything.