It's important to have the advice and perspective of an industry old-timer, in my opinion.

certainly understand your perspective .. 

Meet with the PM and see it from there perspective.

To give you some perspective on what those tax increases can look like here are some examples of the changes based on some of my properties that I own in the city:$4096 -> $5522 (+1426)$3850 -> $5516 (+1666)$3835 -> $6283 (+2448)These are only some examples, but all of the properties that I own have increased in its tax assessed value, therefore drastically increasing the taxes per year and decreasing annual cash flow.While tax assessments are normal it seems that this is a very drastic effort to recuperate losses.

I've considered this scenario from the perspective of the cash investor for the down payment. 

Get perspective on the City at the same time.  

I guess I am in the wrong so my bad on this.Perhaps I am coming from a perspective of a conventional strategy where banks  barely interact with their borrowers and treat them like a statistic on their Excel spreadsheet - again my bad on this.

My worse appreciating property from a dollar per month perspective is ~$2700/month.  

This seller has many more properties to sell off in time and would like to keep the relationship going but once I tell perspective investors that they cannot access the properties they lose interest. 

From my perspective, the main issue I encountered is whether you're allowed to transfer ownership from your personal name to an LLC.