I'm in Phoenix and warm climate markets do well with these depending on the city and what attracts them there.

Always keep your ear to the ground on political climate changes re: str's.

(I own a good sice portfolio and we are leveraged with a very healthy equity share.)A stress test for your portfolio is basically a set of distressing circumstances, like a worst case scenario and then you look at your bottom line.What happens if:- you loose 30% of your tenants- rental rates soften- your competition starts giving out free rent- your adjustable rate financing kicks in- your annual capex spikes (well, this should not come as a surprise)- etcNow you don't look at this statically and say okay now I cam cash flow negative.

I talked to the insurance adjuster and told her all this, so now she's looking into it with her legal crew. 

I agree about adjusting the last couple sentences but don't go soft on the requirements. 

Some counties will allow you to appeal the tax assessed value with no guarantee of an adjustment.  

So the comps the appriser is using are current conditions.When we challenged the low appraisal based on facts of the comp properties, he did not want to make any adjustments ( i.e. comp's had wrong bedroom count, did not factor in being across from a cemetery, did not take into account master bed/bath, school districts etc. and did not account for any finishes, for example, SS appliances, hardwood floors).

Find out what, if any, penalty is owed, and adjust your offer price to reflect the extra costs.

I’m of the mind that if there’s a chance the situation could be “adjusted” for the better, put yourself in a position to at least say you tried.

Easy rent adjustments, currently now market value.-$2500-$3000/m operating expenses including my taxes, insurance, maintenance, snow, etc.I currently rent 2500 sqft but want to take about 8k-10k sqft for my own business.