Non-conforming duplexes or SF with ADU, the appraiser can't find a comp and it becomes a financing issue.

Hey BP - I'm looking for some guidance and advice when it comes to seeking out lenders who will accept a 10% down payment for a second home/vacation home where the loan amount happens to be greater than the maximum amount for a conventional conforming loan of $510,400. 

Each bank has different overlays on the conforming loans, and different terms on portfolio loans. 

I have two duplexes on one lot under contract. All 1 bed 1 bath. They share a court yard. B+ stuff. Gross rents will be $2200, tenants pay all utilities. I’ll be all in $140,000. I’d love to brrrr out. I can’t do a co...

College doesn't teach you "how to learn" it, like all other schooling teaches you how to conform.

If the third unit is non-conforming then why not negotiate with the seller and price the unit as a duplex?

The Zoning Ordinances will allow for some things to be "grandfathered in" however, if it has been converted from a non-conforming condition to either a non-conforming condition of a lesser degree, or just converted to a condition that would be approved "By Right" for the zoning, they likely will not allow you to go "backwards" to the previous non-conforming conditions.I sent you a PM with my info.

How has it been working with the city to get that 2nd unit permitted/conforming?

To overcome this, I reached out to my local zoning commission and came up with a plan to obtain a non conforming use permit.

Hmmm....Think about it:  The lender wants to sell you a loan (a residential, conforming loan).