Investment Info:Single-family residence hard money loan investment in Red Oak.

Not only is the city government making it harder for new STRs to get permitted, they're passing regulations and zoning laws that can/will eventually strip existing STRs of their ability to operate as STRs.  

I would call the county assessor and ask for a list of all the properties zoned the way you want within the specific area you are looking for.

We exclusively operate in CMX-3+ zoned building and get the visitor accommodation use permit so we luckily havent run into issues.

Does the zoning allow for more units?

From what I've gathered, they don't like knowing people can rent them out and make money on a lot that's zoned, strictly, as low-density residential.Second, and the biggest issue, is that this property has $400k in code violations against it.

You can only operate a duplex if the zoning allows multifamily property.

This deal has red flags all over the place, @Carree Todd.

I am looking for someone who understands tax strategies and opportunity zones.

For example, often fire damage is water damage--they put the red stuff out with wet stuff.