I think if all else fails and I can't amend the situation before I close on the property, I may try this after assessing the tenant's financial health and making a judgement call based on our interactions whether they would be reasonable about that.

As an investor in CA, I know that my property taxes will go up every year, that the state will come up with more fees to assess me, that they will disallow certain screening criteria, that they will continue to add tenant protections, that they will strip away landlord protections, that maintenance and insurance costs will go up every year, and that an eviction could take several months. 

My Adjust Equity if sold(Removing Extra Principal Payments over past 2 years), $26689.00My current Return on Investment ((Adjusted Equity))/(Closing Costs + HOA + Interest) is 19%.Rent: $1100 (Range is $1095-$1175 from research and property management assessments, $1100 conservative)Monthly expected expenses: $879.34 (This has Loan + Taxes +HOA+Landlord Insurance + Home Warrenty included)Annual Taxes + HOA(Covers all External including Roof) :  $2,939Monthly Maintenance: Due to being new (and External + Roof Covered) - I plan on getting a Home Warranty to cover inside appliances ($456)I have used the warranty company before and had great service. 

Any feedback is always appreciated.In the mid 90's my grandfather had the foresight to purchase and renovate a four unit property right next to the University of Virginia's football stadium.Fast Facts (approximate):Market Value: $675,000Mortgage: $170,000Equity (20%): ~$370,000Total Rent: $3,600Land Assessment: $300,000We rent this particular property through a property manager who says part of the reason why these 2/1 unit's rents are so low are because there aren't in-unit washer/dryers which I get.

Is this a fair assessment?

Long-term is unfurnished, tenants pay utilities, they mow the lawn, you don't have the credit card fees and taxes and marketing expenses, etc.If you're unsure, rent it out for a full year and then assess again next year.

The apprenticeship alone could take 2 years or so depending on your schedule and so forth.I just ended a short-term contract with the Jackson County Assessment Dept here in MO and I got to work with a couple of MO appraisers for about 2 months. 

First off, you can fight your assessment, depending on different factors.

They have been instructed to review their existing mortgage files to assess portfolio risk and tag loans that have a high chance of default.You should have heard by committee by now that they approved your loan, denied it completely, or the directors came back with alternative structures they might approve.

@Todd Dexheimer, I agree with your assessments.