After some my initial assessments the numbers look promising but you bring up a good point with the fact that the numbers are what matters most in the end.As for paying rent, it seems the area hasn’t been hit too hard by the virus and my personal contacts there aren’t struggling for jobs.

If property values fall, assessments and therefore property taxes decrease, unless the millage rates are corresponding increased.Hoard cashIf a highly inflationary economic environment, you know, one in which the fed is printing money like crazy, rarely does it make sense to stockpile cash. 

Without knowing your rehab and down payment costs I can’t give an honest assessment to your current situation.

Recently found these guys honestdoor.com which have assessment, building permit, transaction data which is a good start.

I've also started the process of becoming a certified home inspector to gain a better overall understanding of assessing potential investments.I am currently in the learning phase of real estate investing.

The earlier you can meet and let potential investors get to know you, the better.You'll also need time to screen and assess your potential investors, just like they will need time to assess you.

Most companies will give you an assessment and quote for free, so there is nothing to lose.

Will the building be re-assessed for tax purposes at sale? 

With a tax assessment of $40,700. 

A couple things I'll add:It looks like the property tax rate here is 1.38%, based on the 2019 total assessed value of $396,705 divided by the 2019 taxes of $5,489That's seems kinda high, but it is what it is.