As we review screening criteria results we also like to create an overall risk assessment. 

I’ve always found these methods lacking, based in intuition or guesswork instead of any objective assessment.

Sort by purcahse date, tax assessed value on home seperate then land (that way you can target fixers).

Ensure they have robust risk assessment protocols in place.Ask how they assess borrower creditworthiness and property value.Examine Legal Documentation:Carefully review all legal documents, including loan agreements, investment agreements, and any other contracts you will be required to sign.Consider having a legal professional review these documents to ensure your interests are protected.Request References and Testimonials:Ask for references from other investors who have worked with the firm.

With Proposition 13, my property taxes in California increase 2% a year max (unless I do a significant renovation causing it to be re-assessed), so I can't complain about that. 

This is akin to stating the obvious, as DSCR assessments are fundamental in determining the viability of such loans, similar to DTI (Debt-to-Income) ratios for residential mortgages.Your emphasis on the operational efficiency of well-run assisted living facilities highlights that their financial performance typically isn't constrained by DSCR limitations.

You have to pick up your income or get incredibly lucky on deals, I hope the both for you.With that said, to echo some comments on here go get your 1st one done then assess. 

When you are considering properties in the area, how do you assess in advance if there is going to be a major issue with the remediation if you are moving quickly to jump on a deal? 

They say they work off the property's assessed  value. 

Some folks will argue properties are typically taxed less than their fair market value, and that may be true, but it's the amount of annual taxes your pay (regardless of actual value or assessment) that will affect your bottom line.Additionally, until the recent market correction both property values and rents have increased at a rapid rate.