I am willing to bet there are a lot of markets out there that have similar stories, but these properties are at the glass ceiling, no room for additional appreciation until user base median incomes have significant incline as a tenant base can not support housing costs north of 50% gross household income, not sustainably, and that's the #1 factor holding prices down as demand and replacement costs would allow it to run another who knows how much, 30%-40%. 

Answer honestly.As far as your inclination that appraisers are working for the "other" party, I wonder at what point did you ever think it might be any other way???

I'm inclined to follow your suggestion and sign their document, understanding now that any investment involving an HOA comes with such inherent risks, similar to how investing in Florida means accepting the possibility of hurricanes.

The "doctor in California" has neither the time nor inclination to keep up on what prevailing rents are, how the local economy is doing, what is happening with major employers, etc.  

This makes me less inclined to raise rents slowly over time since tenants may end up leaving anyway and our rents collected would be severely reduced over that time period. 

When it comes to real estate ..I’d be far more inclined to learn how to build and rehab houses before I would get a degree in accounting or business management .

I'm inclined to recommend a change.... or, at least, expressing your concerns to your agent, if you haven't already.

My dad lives in Georgia, so my initial inclination is to invest there.

Very well stated.Richard, how would your position differ if the owner could realistically generate significantly more profit doing an STR strategy, if they were so inclined?

@Alex Shin I'd be inclined to follow @Larry Hawkins suggestion to do diligent investigation.