Numbers for 1 of these identical duplexes are below:$180,000 purchase (2580sf)$75,000 renovation$2800/month gross rents SF homes sell for up to $160/SF in this neighborhood The income approach would be...(2800*12*.75)/.08 = $315,000 (if I understand typical calculation correctly) Lender will do 80% LTV with 12 months seasoning.Thank you in advance for any information you can share!

If the applicants are straw applicants or non-existent then the remaining tenants might not meet the income requirement and/or you could end up with a situation where a straw applicant has enabled criminal elements to occupy the unit.Sally, Joe and Eric apply for your unit, they pass and you rent to them.Later you find out:Sally and Joe moved in with Bob.Eric isn't a real person, he is a made up person, a stole identity basically, provided to you to pass the application screening.andYou find out that Bob is setting up a meth lab in the basement of your unit.I don't think that's ok as long as the checks clear.

My property is one of 15 identical duplexs on the same street.

I even rehabbed our own property years ago and it's almost an identical home).

I'm looking a a 4 unit right now that's almost identical. 4 one bed units.

The seller has two identical doubles for sale (3 bedroom / 2 bathroom per side).

A house built in 2000 will almost always be valued higher than an identically configured house built in 1950.  

@Mattaniah YipHi Mattaniah, I’ve actually dealt with this exact problem before with one of my clients looking to do almost identical to what you are trying.

My credit report verifies their identity.

Hi @Taylor Jennings you know me, and you know that my goals are nearly identical to yours.