All this spending and lack of income for many counties is starting to shed its light now and people are going to have significant sticker shock.

To begin, go cautiously, absorb knowledge from every encounter, and adjust your strategy in response to input and outcomes.

That does not mean to buy the most expensive item, but to understand that the cheapest sticker price may cost you more over time.Do yourself a favor and look for quality.

We don't know enough to comment on the 'sticker price' of the property, but the financing offered is great.

Sticker shock for sure. 

These are the rents you can go by for rent increases or renting to new tenants.I usually underwrite for more wear and tear in my analysis to cover the bad apples, but luckily the majority of section 8 tenants we've encountered across the country have been grateful to have their unit.   

Also, knowing your customer will allow you to anticipate the rental experience and what types of tenant issues you might encounter (e.g., 19 yr old college student tenants are COMPLETELY different than 35 yr old traveling nurse tenants)…and lastly, it’s superimportant to know your customer, because in this case, you will be LIVINGwith your customer!

However we have sticker shock at the construction costs. 

However, I'm somewhat concerned about managing numerous tenants, especially since I plan to rent by the room, which inevitably might lead to encountering a few challenging tenants.

The reality is the assessments are correct, but when you do the math based on the tax rate (which in most locales has also gone up) our property taxes on our properties is up an average of over 10%…I know some will say “fight the assessments” but honestly I think some of them may be low (and truth be told I would guess less than 5% if people contest assessments).I am curious, have others started to receive their assessments - and were you in sticker shock?