I would recommend anyone interested in investing in an opportunity zone to consult with a tax advisor and an attorney.

@Mitchell Senkowicz You may want to consult an attorney to make sure you are in the clear and will not be reported to FREC but my understanding is that if you have an ownership interest in the property you can manage it yourself.

As always, consult with an attorney.

W/ QB Online you can access anywhere with an internet connection and have access to a suite of mobile apps.5) ASSISTANCE - W/ QB Desktop you will need to share the file with an accountant or consultant either through a secure portal or via physical delivery.

Is the best person to consult on this a CPA or lawyer to ensure we get properly set up for tax considerations and values. 

It's made me very confident in myself as an investor and as an investment consultant.

Once again, if you are really worried most attorneys are happy to give you 30 minutes of consulting time to go over this for future work they might get to setup the LLC or other business entity needs.My personal rule is $2M of liability and wrap in LLC if 2 or more properties in operation.  

I'm thinking that as well after looking into this all day today and consulting with my mentors.

Then you might just do a quick consultation with a land/zoning attorney, again to get a feel for how big of a battle it would be and your chances of success.It's also worth mentioning that, while rare, very occasionally you can sometimes research a property in the Providence City Archives (5th floor of city hall, walk up) and find a # of units documented, prior to the adoption of the current zoning code, and have a valid argument for a pre-existing, should-be-grandfathered number of legal units.I've only done that on one property, researched it in the City Archives to try to find a greater # of legal units in the early 1900s from Census / City Directory records.

To add, it’s not that hard to monitor the MLS yourself via Realtor.com.