While I agree tax assessments have little association with the market value of a property, I do find them to be an indicator on the financial appetite and health of the municipality/city in which the property resides.

I suppose its all about your risk appetite but with a monthly expence of 4,500 per month, if one or two of the renters don't pay, I'll be completely screwed. 

Use a RMLO id it's owner occupied.Your LC may not be compliant, worse than a NPN.Contact the usual note buyers, check with annuity and those who buy out judgments, they may have an appetite for that annuity payment.You may be able to simply borrow pledging the payments, might do better that way.Since CFD/LCs have been hammered, they are less marketable, meaning you'd take a real hit on the discount, you can save money by curing the issue yourself, getting a compliant note and deed of trust or mortgage with a Sub-To transaction if necessary.

The lender may have lost it's appetite for a certain asset class, the lender may have been bought out by another bank and they no longer offer the same financing and/or underwriting, the loan balance may have been paid down too low, other asset classes may have improved and become more attractive for the lender to put money into, regulatory requirements may have changed, etc, etc.  

My tenants have an appetite for using online payment means.

Your risk is the buyer misses payments or the investor’s appetite for your note disappears during that time.You will want to run everything by the note investor to confirm what they can do before getting locked into the note.

Investor capital requirements and risk appetite will always influence that number.

Thanks Brandon Nelson,I did consider that the market is probably a little saturated with suppressed home sales right not.

The amount of your available capital, your appetite for risk, your age and family obligations, your other income and investments, your available time and willingness to commit time, etc. will all play a role in determining what aspect of the real estate business is most appropriate.

For example, this might have suppressed interes rates and benefited mortgage borrowers.