is it possible to buy a property and rezone it to Mobile Park?
Hi, I live in Tampa, FL where mobile home parks are fairly common in some areas. I was wondering if it were possible to buy a house with like 10 acres or so, and then attempt to get the property rezoned to a mobile home park (MHP), to then transform it into profitable real estate. My question is, has any one attempted something like this and is this even worth pursuing?
I figured my best bet would be to look at the future planned use zoning of the county, and make that a starting point since it would have a high likelihood of rezoning success.
The other question is how could I even structure a deal like this, because buying a property and then zoning falls through would leave me with a bad investment. If I made an offer on a property contingent of the rezoning success, which could take 90-180 days, I am assuming I would only be able to structure a deal like that if I had cash only, assuming that I would not be able to do FHA financing etc, since something like this is too complex.
Any experience and tips would be helpful thanks-