You can double close. 

I'm under contract for a nice double and was hoping to use part of the money for my portion of the down payment.

A 50% decline in asset value would result in a $10,000 loss, double the loss of the unleveraged asset.  

Verify and double verify with the applicant that the information they have provided is correct and that all income is verified and all adults will have a background check. 

Double-check the ARV by comparing recent comps in the area to make sure the numbers add up.Run your numbers again with all costs (purchase, rehab, holding, and resale) to confirm the margins are solid.

I won't double or triple-down on what folks have said above.

And these are B properties in an area that appreciation has almost doubled in 8 years.

If you don't double & triple check everything, you stand to lose money while the people promising you the world make money.  

In Wilkes-Barre there are lots of side by side duplexes (double blocks) that are separately titled.

Mine was also out of state, in a town I’d never visited, and I relied heavily on videos from my agent.This sounds like a tough first deal, but it seems like you have some capital on the side, which will be useful as you face the upcoming challenges and learn from those expensive early mistakes.Regarding the subject of this post, “help me adjust my expectations,” I’d recommend assuming that; repairs will cost twice as much as you estimate, maintenance and vacancy rates will likely double from your initial projections, there’s a very real chance you may lose money on this deal.That said, there are ways to mitigate these risks by:- Keep asking questions here on BP and connecting with local experts- Stay proactive and communicative with your agent and property manager.And remember “Inspect what you expect.”Im not trying to discourage you but to help reset your expectations.