I've tried looking in my city code of ordinance but saw no such thing for the zoning.

When I answered "Real Estate Investments", it raised a red flag, and it goes to the Legal Dept. for review.

Let's map this out:You need to find the owner of the property wants to sell, call him asking him that.You need to find out if a mixed use, underground parking facility can be built there, talk to the city Zoning officer.You need cash to buy the land, make the plans and build the thing...

I really need to recoup the money spent on them because my budget is to the red line right now where I'm very dependant on a high sale price of the house.

The zoning on the property is residential but its big enough for more than a single family.

@Shepard Solomon I don't think being overseas should matter, besides the challenge of time zone differences, but you should be able to get a local real estate attorney to do the paperwork to transfer the title to your LLC, vice your personal name.

The area is growing like crazy and the market is red hot and looks to be that way for the next several years.  

The red tape that comes with this loans makes it virtually impossible to work with any but a select group of GCs who specialize in these kind of projects.

This is not an advertisement....Commercial(Not in residential zone)Garage door access(but not a tire and lube shop)Small office/Small customer entry area.Minimal square footage. 

Austin is an island of blue among the red of Texas but that isn't real constraints like a peninsula nor an island like Manhattan.