I used the FHA route for the lower downpayment and FHA will also use 75% of market rents for additional units to help calculate your borrowing capacity.  

My understanding is that in addition to income requirements, minimum credit scores, etc, in order to qualify for FHA or Dream Maker loans, you must be a first-time homebuyer (defined as someone who has not owned a home in the previous 3 years) thus you may not be eligible for Dream Maker loan either. 

I am sort of asking with a single basic flip example in mind, but I have a potential additional application where I think it could potentially make sense.

Opens doors to additional streams of income. 

I'm not looking to analyze the deal here but to see if anyone has seen these and what the additional issues might be compared to a normal duplex.

Additionally, in the Cleveland market, it is pretty much expected in 2 units and up that the landlord will pay water/sewer.  

., you're talking about an additional, what, 9% return? 

Additionally, this entire transaction will be conducted by licensed attorneys to ensure the utmost legality and ethicality.In an effort to create further transparency with our clients, we also share any inspection reports and repair estimates with sellers, so that they can understand how we arrive at our purchase offer, and to give the sellers the advantage of acquiring reports and estimates that would normally cost them hundreds of dollars to get.

In addition to growing our businesses we love helping others achieve their real estate goals. 

Additionally, with the City adopting the IBC 2015 and inspectors becoming increasingly difficult to work with, we've labor costs go up and soft cost on the design & engineering side go up as well.