As a buyer I probably would not buy it based on a wholesaler telling me it has more potential if I re-zone it.

However, if that were the case, builders who are already buying down rates aggressively would be selling more homes, but they aren’t.

Hey @Eddie Hincewicz, just an FYI, I did an extensive survey of a bunch of lenders and none of them would lend more on an operating STR vs a similar home.That does include if they have a permit.So anyone looking to buy, they would have to come up with the extra cash if the owner wants to charge more than the comps support.

And I know you'll figure out how to buy that next property.Gino

We are looking to buy multifamily properties and get away from long term single family rental houses.

Chances are you'll have more offers.

I am currently working on buying my next property.

Not all syndicators are similar, there are some that take on huge risks and they might not even realize it because for almost 10 years you could buy poorly and the rapid appreciation bailed you out, going forward they might not be able to repeat what worked before.  

I am just trying to see if this is something I can reasonably do or is this too lofty for my first buy?

The other route I was thinking is to buy straight out using a FHA loan since this would be our first home.