I dont know the area , But it looks to me like a non conforming use .  

I understand that the terms would not be as appealing as on a conforming mortgage, but I'm prepared for that; there is enough room to still cashflow. 

And this rule is from Fannie/Freddie loans....or "conventional, conforming" loans. 

I would also use a higher maintenance cap/ex reserve based one 1) the condition of the collective portfolio 2) the fact that these are not a single conforming building, but a bunch of singles with a lot of surface area. 

In theory it tracks with median home prices in the US, and the high balance limits are just 50% above the conforming limits. 

Since they share the common walk, a split would not conform to set-back rules.

I made it so it is ease to read and understand, no tricks or long agent's contract, it's to the point - sellers like and trust it and me.From the first telephone call from a seller to the settlement table, it is about 7 weeks (PAY DAY).keep it simple- be honest about what you are doing, make full disclosures and do it often.I advertise that I buy houses, commercial, lots, land and non-conforming properties.You need to create and tell your story, people like to do business with those they understand and know a little history about, here is my story as told on the telephone before make the appointment, "Mr.

My husband and I own a duplex outright in Tacoma, the duplex has a third non-conforming unit in the basement.

Recently I purchased a multi-family property only to find out that it was non-conforming and vacant for over 1 year requiring it to be returned to a single family home. 

no, do a search and you will find much information.You can get up to 10 conforming mortgages in your name, however many banks don't do over 4,,this is a good reason to find a mortgage broker that works with investors