I recently bought a house for $800k and that uncapped the yearly property tax increases and now the projected property tax assessment for 2019 is around $805k!!! 

Ideally the rents would be under market with the units as-is, or under what you could get after relatively minor updates to the units, giving you an opportunity to increase NOI.Of course the expenses in the listing are only $9,784 per year - in listings they are always going to be low, to inflate the NOI. 

Then you can rehab, raise rents and actually increase the sales price!

We have already increased our knowledge through all the great information available here on Bigger Pockets and look forward to continuing our education.   

With our current debt snowball plan we will be debt free on all of our existing rentals in just over 7 years (even if we never increase the rent - which we of course will be doing).

If you are satisfied with your IRR, based on ability to sell in 10 years, depreciation, possible appreciation, possible rent increases and debt pay down plus your rental income, then you buy the property.  

I can tell you that unless the structural damage and subsequent repair is obvious, it will not be a factor in an appraisal.

I'm no expert on the area and the rent you could get but That 600/mo HOA with the risk of an increase and/or special assessment has to be a (female dog). 

Vacancy increases and rents flatten or reduce where investors fight for occupancy levels and keeping the properties afloat.

We have an uncooperative tenant in our property who is  resisting re-signing an expired lease, moving out, or paying increased rent.