I don't know Ohio law but I do know this is a touchy subject.

A few examples of people who seem to have good strategies for a market in flux: Show 2 with Karen Rittenhouse on “subject-to” deals, which seems like an excellent strategy in a market where homeowners may have just lost their jobs and can’t afford their mortgage, but want to stay in their houseShow 19 with Tracy Royce, discussing short sale strategies in great detail.

4) Same as #4, but I use a 1031 exchange.Thanks for any help you can provide on this subject!

If so, the first thing I would try is a standard contract with a 90 day contingency clause regarding the zoning.I would also add a clause about the buyer paying for the rezoning process in lieu of any earnest money down.This way you’re not out of rezoning costs and earnest money if something goes wrong.Another option may be a 90 day lease/purchase - subject to zoning approval.If your seller is in need of some immediate cash flow or you’ll lose the deal this might be the way to go.I’m happy to help out with either one, or better options from other members – just let me know.First ever BP post – hope it was helpful!

@Brian GibbonsThanks for posting this and @Bill Gulley thanks to both of you for your comments on the other thread about that subject that won't go away. 

The financed portion of the gain would be subject to what is called the Unrelated Business Income Tax or UBIT.Unrelated Business Income Tax (UBIT)In most cases, people hold investment properties in their IRA for the income stream, not for flipping, so the UBIT is not typically a factor.

I would recommend looking up "house hacking" if you haven't already explored the subject.

You can also have your agent do a comparative market analysis for the area around the subject property and also pull lease information from the MLS.Have you used the Rental Properties Calculator here on Bigger Pockets to determine if this is a good deal?

Welcome... feel free to ask question, check the podcasts out and remember this site is nearly 10 years old so the search bar will give lots of information on nearly every subject.

I hear about Vanguard frequently.