I'm sure nothing new for local appraisers, would be interested how they end up pulling comps/valuing it (ex. will they value it as two separate houses, one big house, etc) Best of luck with the appraisal and the refi!!

Some DSTs contain many (I've seen up to 20 separate properties) properties in a single Trust.Due diligence should include, ground-up property information (current occupancy rate, current rent, etc...), geographic considerations (population in the 3 and 5 mile, population growth, rent, occupancy, and cap rate comps, crime statistics, traffic count), sponsor/general partner track record and expertise, asset class considerations (it is possible to invest in an asset class with a small amount of equity that you may have no experience in), master lease, exit strategy (you do not get to control the exit, the general sponsor will trigger the exit based on their goals and objectives).The other thing to consider is that sponsors will sell equity on a first come first serve basis.

@John JeffreyCongrats on getting under contract.A tip for new investors is to open up a separate bank account for your business/rental related activities.

Each duplex is individually metered gas and electric, the water/sewer/gas is shared and the previous landlord has been paying that separately.  

I’ve posted on this relentlessly...For a couple of properties, insurance and umbrella policy should be enough.Don’t forget that LLC’s are not eligible for conforming residential loans should you decide to refi...You also need to operate the LLC as a separate entity to maintain/protect its corporate veil otherwise you’ve defeated the purpose.

And I'm discovering I need to keep my long term investments in a separate account and also to try not to trade the same stocks in retirement accounts. 

But, you need to separate truth from reality.

We were going to go 50/50 on a quad but after finding out the seller turned it into a rooming house we cancelled and put our funds into separate deals.  

  :)I have used commercial loans of each and created separate LLCs. 

If we could find a way to meter each unit separately, could we try to suspend water service for that unit?