Multiple SFH On One Lot

[Ben Sears]

I'm currently looking at ~5.5 acres in which four 850 sq. ft. SFH are located. All are rented and the price per home works out to about $22k each which is a steal. All are in fair to good condition in a C+ area. I haven't investigated terribly much into rent rates and such, but my question lies in the technicalities of surveying and future plans. Am I getting myself into trouble with refinancing having multiple properties on one lot? Is it better to get the lot surveyed and break the properties up for future buy and hold or sale? I'm a fairly experienced investor but never tackled a weird situation like this before.