Purchase price: $350,000 Cash invested: $70,000 SFH with tons of deferred updates and zoned for an additional dwelling unit (ADU).

Also looking to get into commercially zoned houses.

That IS possible, but as you'd expect with the government... there's a fair amount of red tape.

I'm hoping you bought that condo in the early stages or before Gilbert erecting his "Green zone" and you are making good returns!

Another slightly more advanced strategy is to buy a SFH on a lot with favorable zoning.

On the Seller's Disclosure Notice, the seller marked:YES for present flood insurance coverage (handwritten note: but property is not in a flood zone)YES for located wholly/partly in a 100-year floodplain (handwritten note: (1) have paid insurance for (10) years for 100 year flood plain. (2) Just recently found out property is not in the 100 year flood plain.)Under the Notes section on the Survey:According to F.E.M.A.

I see some red flags here, @Akil Kariym-Bey.

The often have units for rent or rent to own.Some hotels do take pets and do monthly rentals, try Red Roof Inn. 

@Nicole Heasley I was also surprised but the realtor says it happens once in a while where a duplex can be attached but they are zoned as 2 different properties like condo's.

Although this one was purchased first, Due to zoning issues as well as flood zone discrepancies, we are behind.