If they are, prepare to take a little longer than you expected to stabilize them and have a large sum of cash tied up for a LONG time. 

The quadplex seems like an ok deal, but is the apartment going to dictate my rents and what the tenants should expect to pay for utilities? 

I want to know what to expect and was looking for some direction so advice would be great.Have a good day.

I would certainly let your tenants know what you're up to and what they can expect, your estimated completion date, etc. 

All of them require oversight and clear expectations/follow-ups.

Never been before so I wasn't sure what to expect. 

Why you are investing, with what, how much you are expecting back and when + more...Right now I personally would rip all of the equity out of the property, wait for a housing drop and buy 2-3 properties with the money.

I expect it to collapse similar to stewarts creek, which has become quite the cesspool.

Also and don’t quote me but I believe you can use a portion of the expected income from renting out the other units as a qualifying factor for your property.

We are now past the Two month point so feeling it was overpriced In my opinion and wanting to narrow down the issue, I had an appraisal done and sure enough, the appraisal came back $30k below list price, I said lets list it really close “$5k” to the appraised value, my agent says no one wants to pay list in the DC market now that it is softening and becoming a buyers market, so I will end up selling it below current appraised value if I did that, especially if the buyer ask for concessions which will happen and be expected on a property over 60 days on the MLS.Anyone ever market a property close to or at the appraised value and disclose the appraised number so they don’t get lowball offers?