Quote from @Trent Reeve: i would think they would have more amenities than a non-condo.I think the reference was how do you stand out from one condo to another when they are all identical, vs how do you compete with single family homes.

That means that you can buy a house on the South side -- identical to one on the North side and in its doppleganger (save race) neighborhood -- for literally a $100,000 less than you can on the North side.

Ultimately, it's difficult to confirm the identity of the borrower. 

My process is almost identical. 

I'd love to connect - I'm licensed in AL and actively work with Foreign Nationals, I am working a portfolio deal right now for someone who also lives in Israel. I

When you have all the properties identical to each other, how do you compete?

I'm seeing new neighbors of basically identical houses with maybe 50 or more investors in the community. 

It will be an identical home to the one I’m currently building, and I expect to need no more than $160K in financing.I’m not looking to overextend myself by taking on too much debt, but I want to make sure I’m approaching this in the right way. 

When they apply is when you should confirm their identity.  

I get having a driver's license to verify identity, but recording your head turning like a mug shot is a little much.