Quote from @David O Smith: I have a property that is free and clear, with no liens.

Of course, you also have limited liquidity and control.I am a full time passive investor, so I am clearly biased - but passive investing might at least be worth a look. 

This tells me two things: Obtaining a variance will be more difficult because there are already policy considerations in place intended to reduce density & (2) There is clearly an over supply of rental units in this area otherwise the overlay would not exist. 

Quote from @Kevin Sobilo: Quote from @Russell R Massey: To be clear.

Night Before the Exam dot com is a good state study test if they have it for your state.To be clear though, the majority of what you learn in the class is not used by residential real estate agents in practice.

My question is, should I make a cash purchase so I can own it free and clear?

Have a clear concise vision of what you plan to do (rehab, renting, etc) repayment, (personal/business) sources of income, etc.

Have a detailed scope of work in writing and set clear weekly milestones with your GC.

Keeping your listing updated, maintaining clear and friendly communication, valuing feedback, and adding thoughtful touches can significantly enhance their experience.

My straight forward thinking is, when water is turned on (slowly) I’ll pressurize all plumbing then open and clear out faucets, etc.