Or you can even get creative and use the 203k to do a SFR > MF conversion assuming the zoning allows...I still think the bang for your buck will be in room rentals...

If seller is not allowing a FHA loan that means they think/know it would not pass a FHA appraisal... red flag for me as a buyer.

My partner just got a R3 zones lot in El Segundo but the lot is less than 4000 sqft, it has just one unit now but he wants to build 3 additional units.

I really don’t want to raise “red flags”, so to speak.

Wondering if I could purchase a condo in a 55+ zone and rent it out to a 55+?

You definitely want to check with planning and zoning to ensure a garage apartment would be allowed and what their requirements may be.

What zoning type do you look for?

I was also thinking/fantasizing of putting a sign in my own home that says, "Surveillance free zone - check your cell phones at the door" - lol - or more to the point, "Free Speech Zone - All Devices Prohibited - Speak Your Mind As You Will".

An agent found it for me, I paid asking bc the market was red hot.

My quick math shows you almost $100/month in the red.