Including smaller brokerages that I personally have grown to new heights!

But you'd always want to talk to the city right away (or county) and find out the development standards for the zoning that the lot is in (what are the setbacks, height limit, min lot size, etc).

Your first comment regarding attending city commission meetings seems to indicate that you are referring to affordable housing under state statues (i.e income and other federal/state restrictions).  

However, downsides include regulatory restrictions on bank lending, many institutions that restrict concentration and geographies, and other headaches and issues that arise when dealing with a slower-moving bank.DSCR loans are the option that has completely changed the BRRRR lending landscape in the last few years.

I do manufactured home developments so I look for land that doesn’t have housing restrictions.

Also, considering that new propositions may pass that would limit/restrict future increases.Look forward to hearing from landlords, investors, previous/current renters and anyone else to help me determine what to do. 

@Kevin Hausfeld   Nothing would prevent you from building another home on it, assuming there are no zoning/building restrictions for 2 homes on one lot, but you couldn’t get a loan for it.

As long as the property generates enough cash flow to service the debt, you qualify—without the need for personal income verification.This type of loan is ideal for those serious about growing their real estate portfolio, especially if you’re self-employed or have irregular income streams.Why DSCR Loans Matter for Real Estate InvestorsWhen it comes to real estate investing, traditional loans can often be restrictive, requiring personal income verification and imposing limits on the amount you can borrow.

Non Premier hosts, same minimum restrictions, crap photos, mediocre reviews and yet that are on page one.

If you have a county commissioner you could also check with them to see if your STR Rental would be a problem, I would be surprised if the county would do anything to restrict your use.We lend on Rural STR, up to 70% LTV for DSCR rentals, with no seasoning, we can use AIR DNA for income projections.Hope this helps.