Realtor didn't disclose the future zoning, they probably used what seller said and public records.

Making sense of the deal and understanding their track record is important of course, but I believe you should develop TRUST before you invest.

I would keep buying 2-4 units until you max out your DTI and then switch to looking at larger units as well (take advantage of the low interest loans while you can and build a track record for commercial lenders). 

You can easily see their eviction records and most criminal activities through FREE online resources just google it and you will find it for your state. 

The homes in the development have actually depreciated since they were built based on tax records and recent sales even despite the hot Houston market. $374k brand new to now $345-370k, most recent sale probably $370k, but average probably $360k over past 3 years.Anyone have experience renting out similar homes?

So, make sure that you call the appropriate agencies to make sure it was done properly.Also, when you are done with the rehab, rush down to the recorder to submit all of the completion paperwork because California has a stupid law that makes it possible for sub-contractors to put a lien on your property if your contractor doesn't pay them even if you paid your contractor.I almost got hit with this situation because the electrician called me and told me that he was going to put a lien on my house if I didn't pay him.

When I check my CPA's records for my books I found that my CPA's records were $30,000 off.

The property was recorded as a 3-1 1400sqft, but when we got in it is a 4-2 1800sqft.

Come to find out that there is no recording of the deed with the county when I refinanced it in 2011.

Get with your CPA to see that you are on the right path in keeping records, doing it properly and avoiding tax fraud.