The home had a conventional offer submitted the day we saw it and my realtor, convinced this was the best home on the market for the purposes of getting the FHA loan approved, proposed a strategy that involved an above-asking offer to ensure we had an accepted offer.

It sounds like your bank was proposing a commercial loan, on which 20-30% down is typical.

You can ask about specific lenders or any proposed terms, fees, etc. 

HERE'S MY QUESTION- I don't live in Omaha so would propose to give girlfriend 10% to manage (presume permanently) and half of the net for about  the first five years then all to me. 

Consistent with Section 66013, the connection may be subjectto a connection fee or capacity charge that shall be proportionate to the burden of the proposed accessorydwelling unit, based upon either its size or the number of its plumbing fixtures, upon the water or sewer system.This fee or charge shall not exceed the reasonable cost of providing this service."

You can buy primary for a duplex for example and the renters monthly payment must hit .75-100% of the proposed PITI payment.

Apparently the zoning board's proposal passed last night.

Are there any issues to giving two or more lenders the go ahead to underwrite a loan proposal simultaneously? 

Are there any issues to giving two or more lenders the go ahead to underwrite a loan proposal simultaneously?

https://www.wlky.com/article/p...