I understand that the current real estate is under-assessed and that the taxes will increase if we declare a higher property value, but this might be necessary.Can anyone give input on how to accurately determine the business value versus the property value.

I like the added security with doorman and onsite maintenance but know the assessments can be high.

However, you’ll need to carefully assess the cost of repairs and ongoing maintenance to ensure it doesn’t eat into your returns.Appreciation vs.

Assessing both macro and microeconomics is vital.

We have a detailed BRRRR cash flow calculator tool we share with our clients to help assess these types of projects.

They do an initial assessment of the problem, run through common solutions, etc, to get info about the repair.

@Marc Rice - that seems to be an accurate assessment, and I’d fire the fat old guy who’s responsible, but I’d miss me.

Detailed Due DiligenceConduct in-depth due diligence, including background checks, reference calls, and site visits to assess the sponsor's operational capabilities.

Here is my assessment. 

We stay in them several times a year.I'd say my biggest concern is assessments.