This looks like you will need 85% LTV on this loan because its an Identity of Interest Transaction http://portal.hud.gov/hudportal/documents/huddoc?

I have a client that seem identical to you.

He stole my identity two years ago and his is posting on all the investor site trying to get investors to pay him upfront fees.

It isn't identical with Chicago, so there may still be room for some owners to do security deposits.

Not too mention the California gov. created new young thieves generation since stealing is allowed now  especially if it's done by small kid.I would guess the Asia gov. still has some sort of "rationale" in their mind, not our local leftish gov LOL The 1980s era was way over ... maybe Bangkok is the new future LOL

The triplexes are identical and each had the same kinds of title issues -- but we cleaned it up in 3 weeks and the bank took 3 months to get the title insurable.

It sounds like from the lawyer told me is if you value your identity and asset protection to go with an LLC.

There are other homes in the neighborhood with identical floor plans, but obviously no guest house in the back yard.

The tenants are on housing and section 8 pays for the majority of the rents.The A-Side rents for $965/mnth --of which housing pays all but $300/monthThe B- Side rents for $960/month--of which housing pays all but $153/month.The place needs only new carpet and paint if and when tenants moveThe seller told me he lives too far from the property and wants to sell for $120,000--I thought it was a great deal because it cash flows well with most is paid by housing, and the identical Duplex sold 2months ago for $149,000.Here is the issue--The seller decided he quoted the wrong price and wants 125k.

That's a monthly amount almost identical to your housing number!