Hello Experts,Background: we are working on a 8 unit deal (2 parcels x 4 units on each building) - we thought this would fall into residential loan and we almost completed the paperwork, but the lender came back stating they cannot proceed forward because the zoning is classified as commercial. lender is asking us to work with listing agent/owners get it re-zoned as residential. 

I'm working on a live and flip right now and besides living in dust and having to take it slow due to cash constraints haven't had any major challenges yet!

@James McGovernReal estate is a copycat business - copy what someone else is doing and Work harder doing it

How much time will it take you to get permits and everything approved, then what if you come across work you didn't expect?

Then you would need to work with them to allow you to then sell it and pay down the existing and confirm the home you keep still has equity.

@John Fields if seller will agree to escrow agreement of 2x the estimated repair costs in escrow and state clearly how you access those funds, that may work if your lender allows.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

The reason for this, is the variable work, to put it simply is, A LOT OF WORK.

I always use TurboTax and it works beautifully for me, but should you feel uncomfortable doing it yourself obviously file an extension and look for someone to support you. 

How do terms usually work?