Hello EveryoneI'm looking to buy a standard lot which is a buildable (as far as county says) has it's own address, is zoned single family.The wetland on it is isolated and there are many houses around the lot, the neighborhood is established.Seller has a permit from Florida environmental protection, allowing to build a SFR with a plan to keep part of wetland on the backyard.

Hello EveryoneI'm looking to buy a standard lot which is a buildable (as far as county says) has it's own address, is zoned single family.The wetland on it is isolated and there are many houses around the lot, the neighborhood is established.Seller has a permit from Florida environmental protection, allowing to build a SFR with a plan to keep part of wetland on the backyard.

What are some red flags I need to keep an eye out for while I'm educating myself?

You need to be willing to expand your comfort zone and create/take advantage of opportunities that are outside your wheelhouse;2.

I've heard these come with a lot of red tape and have been cautioned against using them if possible.

Cops patrolled the red-light districts but by and large anything went, and someone came by to pick up the corpses.

I'm curious to understand the difference between a MIL suite in the basement, vs. the property being an actual duplex, is it all zoning?

lol.If you're concerned about neighboring properties, you need a much larger piece of acreage to build on so you can create some buffer zones in all directions.

What is the sales price and what is the land zoned?

My husband and I are in the process of purchasing our second rental property, we will be converting a single family home with basement MIL into a duplex (due diligence on zoning already done).