Having a trusted relationship / connection will make things easier - you can have your PM or broker visit the wholesaling property to give you an trustworthy assessment. 

What metrics do you prefer to use when assessing the risk of adding more debt to your portfolio? 

It's nice to hear your assessment supports what appears to be a trend. 

Again I don't want to step on any toes with MS's interpretation, however the federal rules are clear that the penalty is assessed for any amount (i.e. penalty would apply for sale at 75% of appraisal)  on a sale or gift of assets.  

@Brandon Hobbs, I agree with your assessment that urban areas will be impacted more than suburban and rural areas which is good for me as I operate primarily in secondary and, more accurately, tertiary markets:) I also tend to think that this niche will have a far greater effect on the moving industry than the self storage industry. 

In CA the taxable rate is assessed at time of sale, and that tax basis is used to determine the taxes until the property is either sold or has permitted improvements (there is an inflation-adjusted increase allowed, but the starting # is the FMV at time of sale).

Improperly calculating debt service, underestimating capital expenditures, and improperly forecasting future expenses, especially property taxes that re-assess at a higher value after acquisition are all common mistakes. 

Hire WeGoLook (like $40) or someone local to get on site and give an assessment ASAP. 

A 10 unit made up of 2 & 3 bedrooms for $350k seems like it it has some possabilities...You could always charge back the water & sewer on a RUBS system.What's it assessed for? 

The town assessment is always normally high in this city.