I wonder if it is still functioning; and 2.)

In my experience 5+ units from a financing perspective is commercial, but from a functional standpoint is much closer to "residential" than commercial until you get to 15, maybe 20 units and up. 

Why should it be different with real estate to perform essentially those same functions?

For those who have a few rentals under their belt, being sure to find the right  next deal is critical.

I am leaning towards having the tenant pay the water invoice online, but I'll have to include some good language in the lease so that it is clear how that should function.

I need some opinions and constructive criticism There has been a deal offered to me couple days ago , off market .

If it's an older property, and the cabinets just look dated but otherwise are completely functional, then just paint them.Over-improving is the kiss of death to your ROI during the 'Rental' phase of your BRRRRR...R.

Right now they are not allowing fund redemptions.Here's what they sent me:Fundrise Advisors, in our capacity as Manager of the eREITs and eFunds, has determined that it is necessary at this time to suspend the processing and fulfillment of redemption requests.While under normal market conditions, we seek to provide investors with the ability to redeem their investments on a regular basis, during times of financial crisis or extreme uncertainty, it is absolutely critical that we suspend redemptions in order to protect the interests of all our investors.As Manager, we have an obligation to make decisions based upon what is best for the entire Fundrise investor community and must always put the priorities of the whole above any one individual.Fundamentally, Fundrise investors own real property, which is simply not liquid. 

I have all the other variables to where I input a purchase price and it tells me the cash flow. but I cant figure how to work it backwards because of the pvt function

It is critical to understand these forms were designed and written by the client, not the appraiser, and by doing so, certain aspects of the appraisal are not appraiser-friendly.