Walls were already bulging inward into the basement.I am a very raw newbie in this and I do not feel comfortable picking up the pieces of this house.  2 major floods in 10 weeks and causes were due to geography (not flood zone, just street sloping), it will flood again. 

Thus I was red-tagged and had to get the additional permits and do some electrical upgrades to bring it to code.

Happy to discuss which buildings allow STRs- there are a few AND you will (most likely) need at least 25% down - if daily rentals, DP goes up = more risk for the bank.I personally love Little Havana - in addition the reasons mentioned above, it is also one of the non flood zone areas in the county; centrally located with lots of history, culture and character.Trust this helps & happy investing!

All mechanicals were destroyed and I didn't have flood insurance as it was not in a flood zone.

I am looking at a potential BRRRR deal that is zoned as a duplex but has 3 units, has a newly vacant lot next door and is a few blocks from my house hack.

As far as me being from another state, you could also pick something near a vacation zone that you may like.

They have benefited well from the opportunity zone program as different asset managers approached and developed Winston Salem due to this.

Look into local governmental policies, for instance, laws that may regulate/cap rent, property tax increases, different zoning laws that may hurt or help your strategy in the long run.

I love the area/schools/great rental income BUT it is in a 100% fire zone-meaning high risk.

If it's a straight R10 and the zoning hasn't changed then there shouldn't be a problem unless it's in some sort of a UZO or historic.It needs to be min 10k square feet lot size.