9.43.010 COMPATIBILITY IN RESIDENTIAL ZONESNo person shall construct any dwelling, accessory building, or structures, improvements, patio covers, roofs, balconies, decks, porches, terraces, exterior steps or stairways, walls, fences, antennas, spas, swimming pools, or make any additions to, or modify, any structure, or install a new roof on any structure, on any parcel in a residential zone in the City for which a building permit is required unless the resulting construction is found to be compatible with the neighborhood within which it is located.

But as an investor you are often stuck with limited inspections and need to be very clear on things like easements, wells vs. septic, flood zones, etc. to protect your investment.

Wanted to see what the experts in this community seeLocated in NJSFR, 3bed, 1bath, 1,100 sqft, lot size 9,435 sqftSits across a lagoon, Waterview not waterfront, currently not in a flood zone (reassessed next year and expected to fall into one)*Town requires that it be lifted by 2024, the cost will be about $50,000 all in.Purchase Price: $175,000 (10% down)Last Tax Assessment: $236,800Taxes: $5,328 per year ($444 monthly)Home Insurance: $1,200 ($83 monthly)Flood Insurance: $450 ($37.50 monthly)PMI: $101 monthlyElectricity: $100 MonthlyGas: $50Water Sewer: $25 MonthlyRepairs & Maintenance: 5% ($110 Monthly)Purchase:Down Payment 10%: $17,500Estimated Closing Cost: $9,000Total Down: $26,50030 Year Term @ 3.875%The goal is to rent the other 2 bedrooms at $750 each. 

This property is already zoned for this development as well. 

Call / go to planning and zoning and see with your own eyeballs.   

- I noticed in previous posts that I need to familiarize myself with zoning??

Some planning departments will red tag it if you let them know it was added without permits.

It is not located in a flood zone.

I recently found a beautiful 1 acre flagpole lot in the city of lemoore that is zoned for a duplex.

Also, project estimated asset values as the newer properties will be worth more when you sell them in the future.Educate yourself about the local building/zoning bylaws because if you can only build multiple units if the lot is zoned for it.You don't have to pick one or the other either, you can try both and see which one works best for you.