Hi Cheri, Are your questions about 1031 exchange or opportunity zones?

Check your zoning ordinance and call code enforcement to see if it would be approved without permit and/or variance in the property.

Fast forward a few years I'm on the other side of US with my little red pickup sleeping in a tent in the restaurant were building. we've have had 3 top restaurant in the areas we opened in across-the-board in only 8 to 11 months each time and still making money on a restaurant that's not even a year old.

You may be able to tell from there if the area you are looking to will fall into the improvement zone.

I can get an exemption from capital gains tax this year because I lived in the home as a primary residence for two out of the last five years.The house is in an Opportunity Zone in KCMO so I have also thought about forming a LLC and an Opp Zone fund myself and then investing from that fund into new rentals.Which of these options, or another option I have not thought of, is the most advantageous to started on growing my rental investment business?

They promptly reached out to me with different joint venture projects where I could buy into different development projects. http://www.jointventuremarketp...I have been getting some red flags though, namely the fact that they ‘approved’ me for an investment project without even asking me any personal details.

Even though you will get rent from an ADU, Lenders still see it as a single family residence depending on public info and zoning so you should see 3-5% down payment.3-4th Property: Hopefully by this time your first property has gained enough equity (~25%) to refinance into an investment conventional loan.

How do I find out my current zoning status?

The red flags (condition of the property) one should be looking out for on their first walk-through with realtor?

First of all, be sure to figure out the zoning with the city.