Rents 1150 newer tenant & 925 longtime tenant, identical units which leads me to be optimistic about raising 925 up over time.

For example, suppose you are considering three identical properties that rent for the same amount (yes, this is an over simplified and contrived example!).

There is another identical building next door, and I'd love to do both, but obviously that's not possible with a 203k loan since I can't live in both buildings

Tom puts the building on the market.There just so happens to be an identical neighboring building that also just went on the market.  

All units are identical and owned by 4 different owners....basically a townhouse in my part of the world.  

@Mark Smith, so if an identical home next door that didn't need any repairs were to come up for sale, it would easily sell for $125k?

The lot size is correct and identical to all or mostly all others on the block.

If you want to use a trust to keep your identity secret, the property must be deeded directly into the trust from escrow - and you have to use a third party as trustee, because the trustee's name will be on title.Good luck in your investments!

I want the principal and interest to be identical with the same payoff date.  

Uses and density are identical to their companion districts.