Since my labor is "free", the majority of costs could be bonus depreciated (LVP) separate from the building or small enough to be considered Repairs or Cleaning and Maintenance.I'll probably run my reasoning and numbers by a local REI CPA to see if anything raises red flags though before filing.

The home is in an area zoned for Single-Family but allows for Accessory Dwelling Units (ADUs).

There is currently a deal available that seems pretty decent, still have to look at it, but have a few questions.The property is zoned both commercial and residential.

That’s a bigger red flag to me than a cat.

I am in need of help of vetting a lender, I have a contract signed and closing is soon but giving me some red flags. 

@Adam VendittiI am with @Andrew Freed on keeping the home. 4 green house & 1 red hotel, as Robert Kiyosaki says… that’s the path/game if you are looking to build wealth.

I have the property in a commercial zone, have a business to the right of me.

Zoning matters, if it is a condo you must have fourplex zoning to convert it to a fourplex, and it takes months so in practice you would still need to acquire the property to convert it unless the seller was so desperate for a sale and they thought converting it was their best option. 

As mentioned, DFW is a huge area, expand your search within your comfort zone.

In addition to wholesaling, I also do condo-conversions, parcel reconfigurations, zone-lot amendments, and re-zonings for buyers on properties I have sold them or sometimes on properties I did not sell.