Appraiser Valuation on Two Quads as "8 Unit Apt.

[Mark Douglas]

Is an appraiser going to determine the value based on the commercial cap rate since it's "technically an apartment"?  Or does he look at two residential dwellings, that just happen to be under the same loan, and go by residential comps?

Trying to work out a possible cash out refi strategy (before I purchase these) depending on how the future values will be determined. 

Thanks !