J Scott is right on his assessments, before you get a property you should know your target market for your product.

In many municipal jurisdictions, zoning and assessment are totally different.

Have you been able to walk through to assess needed repairs or areas of concern?

And we know how that goes in CA.I'm going to have to look at the law again, because now I'm curious if entities are exempt from the suitability and net worth assessment.

I knew right of the bat that some board members would disagree with my assessment about this duplex.

It's commmon that adjoining properties owned by the same person are on the same tax bill, saves the taxing authority from issuing seperate tax bills and sometimes assessing seperate parcels.You must have a seperate legal description generally 5 acres or less for the house for the deed of trust on the residential loan.

I have had 4 unofficial assessments all saying I should be working for no less than 75-100K per year (just about what I was making when business was active and good), but is it that there are no non-commission real estate jobs (that don’t require another certification), or am I just not marketing myself right?

I don't currently have access to the MLS so I pretty well stick with news articles, zillow and similar sites, tax assessment sites, etc to learn what I can.

Here are the detailsThe numbers : BUY AND HOLD Strategy- Asking $550k- Tax assessment $525k- All units currently rented(2)- 3 bedrooms , kitchen , bath and tenants pay all utilities and water. $1300 each unit.(1) - 2 bedrooms , kitchen , bath and tenant pays all utilities and water $800 .- Gross rents collected $3400 X 12 =$40800- Taxes $5600 (2014)- NOI = $35,200- all units have separate meters .- Rents are low because tenants have been there for a very long time and are no headaches.- Market rent for a 3 bedroom $1600-1700- Market rent 2 bedroom $1100 - 1200- Offer $400k- 25% DP = $100K- Commercial loan $300K- 30 YR loan- 7% IR- DSCR $1995 X 12 = $23,940- DCR 1.47Thank You !

I'm not sure what you're basing the increase on partly because I'm not familiar with the Memphis market and how property taxes are assessed there.