With Proposition 13, my property taxes in California increase 2% a year max (unless I do a significant renovation causing it to be re-assessed), so I can't complain about that. 

This is akin to stating the obvious, as DSCR assessments are fundamental in determining the viability of such loans, similar to DTI (Debt-to-Income) ratios for residential mortgages.Your emphasis on the operational efficiency of well-run assisted living facilities highlights that their financial performance typically isn't constrained by DSCR limitations.

You have to pick up your income or get incredibly lucky on deals, I hope the both for you.With that said, to echo some comments on here go get your 1st one done then assess. 

Make sure you've looked into all of the financing alternatives that are out there and that you know exactly how much each will cost.Especially if you intend to rent out individual rooms, create a comprehensive management strategy for the property.

Besides comprehensive lease agreements outlining the tenant’s property maintenance and damage prevention responsibilities, I am also thinking about signing with a tenant's additional agreement with all prices for typical damages which they need to sign with a lease.

When you are considering properties in the area, how do you assess in advance if there is going to be a major issue with the remediation if you are moving quickly to jump on a deal? 

They say they work off the property's assessed  value. 

Some folks will argue properties are typically taxed less than their fair market value, and that may be true, but it's the amount of annual taxes your pay (regardless of actual value or assessment) that will affect your bottom line.Additionally, until the recent market correction both property values and rents have increased at a rapid rate.

Proper planning for these uncertainties is essential.During your due diligence period, it's important to thoroughly assess the condition and age of all major systems and components in the property.

Check with your local Real Estate Association, get an equity line against your house, pay friends and family an interest rate for their cash investment, etc.TAX SALE PROCEDURES - South CarolinaTaxes, Penalties and RolloverAll taxes are due and payable between the thirtieth day of September and the fifteenth day of January after their assessment in each year.