If you need financial help, ask under the "Finance, Tax, and Legal" forum.

Typically, the adjustments I see on appraisals for basements are more flat rate adjustments. 10k is usually the number I've seen.What stinks is that there are a couple of model types that have below grade space where the builder, I'm sure, was trying to lower the taxes by having it below grade so the county wouldn't count that space in the assessment.

However, I’ve been hesitant due to challenges like remote management, high interest rates, and low cash flow.

Might be an additional cost there.If units are updated, capex items look good, leases and tenants look solid, and there are no other regular expenses besides the 5200 in insurance/property taxes then I like this deal.  

Your loan will be $1,100 a month, add insurance and property tax.

These loans are short-term as you mentioned, typically 12 months, so you'll need to refinance before that balloon comes due.

I'll save you the details but...Per door cost: $63,300All in Cost: 700kTotal Revenue: 137k(ish) annuallyNOI: 65-73% (in the expenses we included: insurance, taxes, $75/month per door repair expense, management fee 8%, grass cutting, & a misc fund for random crap business license, etc.)Now...

The home burns and the incredibly over taxed CA FAIR plan has either gone bankrupt or takes years to pay out.2.

.: The applicant needs a social security number or an individual tax ID number (ITIN).

There is currently not a mortgage on the property, but due to the s-corp ownership, refinancing is not going as easily as I'd hoped.