I understand these are rules of thumb rather than commandments one must follow, but I'm curious whether this is typical in Anchorage or perhaps the duplex isn't as good of a find as it appears on the surface. 

better school district should command higher rents and better cash flow, all other things being equal 

It has been well updated so I like it a lot and understand the expense involved in such a renovation but it certainly can't command $120k out of it.My new, seemingly more pressing issue/question is: How do I structure multiple investors on what will most likely be a conventional financing deal?

If you're lending to less experienced investors who tend to have less of their own cash/collateral to make available, you can generally command better terms (15% interest, 3-5 points on the front end).

Master metered properties are often older and command lower rents.

I also thought, and it proved to be correct, that once fixed and cleaned up with bright new paint, older rental houses would command about the same rents as equivalent sized newer houses.Good luck.Fixer Jay DeCima

Generally speaking, assuming both parties are putting in similar value / effort / time, it seems that the person with the funds can command a premium %. 

@Jason Holden,Upgrades that command higher rent vary by market.  

I would like another one but in Omaha they are commanding a pretty good price in relation to the rent (for something built for purpose). 

Rush assignments will command a higher fee and more experienced appraisers will often reflect higher fees than newly licensed appraisers.No to the specifics, residential multi family properties (2 to 4 units) have a higher appraisal fee than single family homes.