Being in Orlando it's one of the more safe areas for hurricanes but make sure you pay attention to flood zones, get flood insurance as necessary in case of flash floods in rivers, and make sure you can get legitimate insurance providers.

Verify the zoning laws and any required permits to ensure the property is suitable for your intended use.

When the Cascadia Subduction Zone goes off all bets for WA, Oregon and Northern CA are off.  

The worst thing is that states and municipalities are using wildly inflated data that AirDNA and their ilk are pitching to create more and more restrictive zoning laws based on the perception of windfall host profits, further creating challenges to supporting our mortgages in a region with an already long 4-6 month shoulder season.

Investors also appreciate lenders who understand the nuances of rental properties and provide fast, reliable service without unnecessary red tape.

Id say the first step is to confirm with the city if the zoning allows for you to make this a separate unit. if it does great.if not there is another idea.

If it's wide open, that should be a red flag.

Southern border of the land is Wilson Creek (a large, well established, full time creek with old growth trees)Approx 1 acre of non-recoverable flood zone along length of creekTwo small ponds on the property, which can be filled in to utilizeSmall neighborhood to East of property line with utilities ready and available for project Currently a couple of older homes and barn structures on property (100% liveable and well maintained)Wilmeth Rd is currently expanding down the block to a 4 lane road which connects to Highway 75 in McKinneyLarge developments are underway within a 1/2 mile to 3 miles out radius<4 miles to Costco, ChickFilA, WholeFoods, Cinemark, major hospitalAT&T Fiber and Atmos Gas at front of propertyA water well can be run, if desired, or tap into the city's water (currently on city water and has large main at front of property)A CE firm has drawn up plans for a small, 12 home, 3/4 acres development.

This is a red flag because its BS.

Contact the local zoning department (construction, building, whatever designation the municipality uses).