I just moved to the area from N Idaho; I'm an RN in the ICU at Banner U, and I'm looking to buy my first home here. 

@Roy N. excellent post!

If by development you mean property in which it is your primary intent to sell like a fix n flip, or a piece of raw land to develop and sell lots then no that would not qualify.

We bought a rental propery house in Manteca recently with 20% down and able to break even without accounting vacancy n prop. mgmt fees.

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $145,000

Cash invested: $15,000

Sale price: $225,000

Picked up as a wholesale property. Updated flooring, count...

"Paul's Pipe N Hole inn" 

The best thing about a HELOC is there are no monthly payments when the capital is paid back, but it is cash that can be deployed in a matter of minutes.In the fix n flip world, you need to move fast, so fast closings will win you more deals than a 3-4 week closing.

Hey All,I just purchased a 4plex at 10th St and N Tuxedo St, it's a 4plex (all 1 bedrooms), which I've completely renovated top to bottom. 

I understand @Nik Moushon frustration.If you're n the process of acquiring the property, don't want to risk $150, the other way is the visit the City Planning department in most areas, and zoning is usually part of city planning.

@Roy N. -- that makes a lot more sense (re: HGTV and Canada).