While they *should* I've seen plenty of streets of identical duplexes that don't really age the same.

Hi Chris,thanks for the link. how does it considered to be a fraud?

But it won't have the pesky mortgage fraud, subprime lending extravaganza, exploding ARMs, zero down payment loans, etc.

The general M/O by most unlicensed brokers is to broker using contracts which is ILLEGAL.There are only two ways to legally "wholesale"1. take ownership then advertise and resell2. be licensedThere are plenty of FRAUDS AND SCAMMERS that try to operate otherwise.

And if you look at the industry distribution of the labor force in terms of industry they work in, the County of LA percentages is almost identical to the national numbers.

To illustrate what I mean, take 2 identical 1200 SF homes, the only difference is one is located in Phoenix and it rents for $1200/mo while the other is in Los Angeles so it rents for $3000/mo. 50% rule predicts that the operating expenses for the Phoenix house will be $600/mo and the expenses for the LA house will be $1500/mo ...

Not doing so is mortgage fraud.

Several states have addressed this issue due to complaints by victims of these frauds and scammers.

Hey Everybody,So I'm thinking about buying a quadplex that's on a street with eight almost identical quads on each side of the street total.

Either way, it's mortgage fraud, which is a felony and a conviction comes with up to 5 years in prison.The reality is that they don't prosecute this frequently, but they do prosecute it frequently enough that I wouldn't do it."