It’s gone even better than expected with a positive cash flow even with challenges from COVID-19 and having a hefty special assessment last year.

Another piece that I didn't account for the house got a new tax assessment and the taxes are now $4k more than we originally anticipated.

One time I traced a dual assessment property that had been purchased and sold at tax sale about 5 different times over 20 years.

My impression is that lenders are assessing loan amount based on the appraised value of the property, not necessarily the cash you paid out.

Have their been any special assessments?

At the end of the day it will be your property and you may do as you wish.I would take ownership and assess each tenant and their ability to pay and how they conduct themselves the first 4-6 months.

@Eric Weldon-SchillingNot a vulture just someone assessing the situational hand.

If so, then again, they're not necessarily assessing the repairs and costs for that needed.Overall though, if someone is open to selling, I would assume a walk through needs to be done first.

My guess is your getting the "Price" from the tax assessment.

For one, she says I would need ongoing flood insurance.Since I don't know what I would need for the one I found myself, my best guesses for due diligence are:visually inspecting the home, calling the city, the county, assessing a repair list, asking if I would need flood insurance, or any other kind of insurance, if there are any liens on the home, etc.