The general consensus around here is that he opportunity zones are great opportunities for super high net worth individuals looking for good safe havens but as far as your average developer, we feel there are too many other opportunities to make money.

Unless your mother in law is worth several millions - she can gift you whatever she wants, without taxes.

Unless you are able to command a similar re-sale price point without the nice garage/driveway, and while also completing the rehab for a significantly cheaper total cost, you will likely find the upside a bit thin.

@Collin Fridley Thanks for the input worth looking into!

But even if you had to pay a commission it may be well worth it, not losing money is first priority.

For what it’s worth, I always try to send these bills to collections if it comes at no $$ cost to you.I’ve had the random $1,500 or $2,500 check come in.

Fort Worth (because everyone works in Dallas....just kidding, I love Fort Worth!)

Having given this idea some thought, you have not provided enjoying information for me to make a sound decision.For what it’s worth, you may have equity today, but it may be non-existent tomorrow.  

Thanks all for the advices.About why flip instead of hold, my realtor reasoning is that the pool adds to the liability when renting, and needs to be maintained properly, that's an extra cost, and given the rental rates in the area and the potential resale value, it seems like renting wouldn't provide much so much cashflow to make sense, it would barely break even or even have negative cashflow.My wife is of the same opinion, while for me renting even if it doesn't provide that much cashflow, makes more sense due the extra taxes when flipping.

Hello BP community!

I found a property recently that had the potential for a second unit on the property! After clarification I found out that isn't what the zoning definition meant.

However that sparked my interes...