Your CapEx may need to be more depending on the answer.3. 

Thanks for your answers and suggestions.

The house it set up as a two over two.Tenants currently in place and would like to stay.Property cash flows nicely and the rents are below market value so there is a value add play there as well.Anyway the title report came back and the property is listed as a single family home and also is CO'd this way.However the property was advertised as a legal two family and the town assessor is currently taxing the property as a two family.Two separate meters as well.Everyone involved including my attorney, agent, etc seem to not have the answers for me.There are no rental permits on the property either which are required in this town.Seems to be a lot of mixed information that has me considering to pull out of the deal.Anyone have any experience with this?

I hope you get several answers on this that will help you make your decision. 

Thanks again hope I answered some of your questions

If you are talking to the tenant direct and you make any adjustments, expect to be dealing direct on any further issues they don't like the answer of.

You did not mention what state you are in and it could make a difference in the proper answer to be given. 

The answer lies (or should lie) in the numbers.

If you have any questions just place them in the forums and you're almost certain to find someone with an answer.

From what I've experienced with LLC financing, if it's a newer one (less than 2 years old), they'll underwrite your personal finances, but I've received different answers from different lenders so you'll have to get direct answers from lenders you speak with.