I just recently turned down an assignment because I didn't feel I was the best candidate for it (believe me, it was a complete bruise to my ego and my breath was shuddering as I told the client this!) Their estimated value was about $1M (yes, yes I know, don't even say it...) and it sold about 3 years ago at about the mid $700s. My research indicated there are very few quads such as this that have sold in the last 3 years. In fact, the subject WAS the highest sale in the last 3 years. This quad is right in the middle of an area equivalent to Atlanta's Midtown.. which was probably well worth the $1M. However, I only had triplex sales going back 3 years that were in the mid-$500s. I stated my incompetency on the basis that I know this location is not known for depreciation yet could not back it up with comps; I have only lived/appraised in this city for 6 months; and I've only completed 1 MF appraisal in this city. My question? I know the client reassigned this report, so SOMEBODY is producing an appraisal on it. (The client told me that an appraisal was completed on it but could not accept it because he wasn't on their approved list). What does an appraiser do when there aren't strong, accurate, similar comparables to use (within in my resources)? I even asked another experienced CR appraiser who's been appraising in this city for 9 years, he actually suggested to turn it down and told them to possibly hire a commercial appraiser to do it. Perhaps this property was not at it's highest and best use? If this property was SFR, I would have had comps to use all day. I am aware I am possibly in violation of USPAP to turn down this assignment based upon research without inspecting the property (basically the end result was a "comp check"). However, it did not "ethically" feel right to me to take their $500 knowing I would have produced an appraisal they could not use, most importantly, an appraisal that probably was not 100% accurate. Please note, I was not in fear of not getting paid on this order, this client DOES pay regardless of the end result. I just need some peace of mind knowing I did the right thing.