Realistically, if rents can't keep up with costs over the longer term, fewer people will buy rentals and there will be fewer options for those who can't afford to or choose not to own a home.

I've never seen an appraisal list an apartment building nearby as a reason for a lower value or as a negative price. 

But there are nearby areas that could work very well. 

Try looking at nearby comps of decent homes not fixer uppers.Rentometer - I never found these to be accurate.

But my 2BRs bring in just as good returns with fewer tenants and fewer headaches.

Easier to rent:  Two bedrooms attracts fewer occupants (not tenants) vs a 3 bedroom where often that extra bedroom is housing an adult kid, dead beat family or friend.  

@Wayne Brooks thank you@Henry Clark interest rate got me because when I sold my old portfolio it was 3% . by the time I closed I could get only 9%. and now there are fewer buyers with this rate. yes, many new rentals suffer in the area.

So, with 35 or fewer investors, all of them being either accredited or sophisticated, no SEC filing is needed and no compliance with Reg D need be adhered to.  

If you can show several other homes in your immediate area where the Just Market Value is lower than yours and those houses are near by and similar in make-up, you can file an appeal and have your case heard.

Here’s a quick breakdown of your options:Option 1: Sell and Buy Cheaper House with CashPros: No mortgage, no interest payments.Cons: Older homes, more repairs, possibly worse neighborhoods.Option 2:Use Proceeds as Down Payment on Better HousePros: Newer, fewer repairs, better neighborhoods.Cons: High mortgage interest rates, higher monthly payments.Option 3: Refinance and Rent Out Mobile HomePros: Rental income, keep property, can still buy another home.Cons:Landlord responsibilities, high refinance interest rates, market fluctuations.Consider market trends, rental demand, and your financial goals.