A few months ago I read a few of the BiggerPocket books, listened to many podcasts, and even started to obsess about buying a mobile home park but now with the pregnancy I fell back into “safe zone” mentality of buying a primary residence and making smaller moves.

For this reason, does anyone have any recommendations on who I should reach out to maybe zoning experts, general contractors, or architectures to see if this is possible with the structure of the property and how much this rehab would cost.

It will not hurt your credit score significantly (1-5 points max for a hard inquiry) but it may raise a red flag to the lender doing the refi.

In the 1960s we have seen large swats of farmland converted into single family subdivisions, which are today Milwaukee neighborhoods - we don't have any farm land available anymore inside the belt of wealthy suburbs, which their 3 or 5 acre min lot size zoning requirements (as we have in Mequon)  So space is one constraint, the cost of building is another.

You first want to know that those framed out "units" have the proper permits, zoning, etc.

@Michael Jackman,I personally have not worked an Opportunity Zones property but I do have clients that have.

The question I have is if there is any red flags with having a commercial storefront being the 5th unit of this property.

If done this way would I have to go through zoning commission?

Seems like a red flag to me, unless the tenant is very inexperienced with stuff like this and needs help setting it up.

I invest in a small city in Southern Indiana that is approximately 45 minutes away from me (one way) and in a different time zone (they are an hour ahead).