I would mention both the monthly and yearly revenue to help the investor assess ROI. 

I have heard of dozens if not hundreds of gurus teaching dated tactics, like "how to buy foreclosures" to thousands of desperate people.

Hey Jennifer, this isn’t a forum to answer the dozens of questions we get, so please contact us directly.

Should I subrogate for the sidewalk assessment and work done after I purchased my fourplex?.   

Hi John - We do have one property that will not be profitable or just about break even in 2024 due to all the unforeseen maintenance items:  pool heater, roof, pool fence, handy man over a dozen times, remodeling took 3 months instead of 3 weeks, etc. 

I have personally never owned a condo that DIDN'T have a special assessment - which happens when there is a repair needed but not enough money to pay for it. 

Where I got confused is that this particular tax sale has been postponed for over a decade (due to owner filing numerous BK's, our foreclosure included), and from the dozens of docket entries appeared to be a judicial sale that I'm familiar with.   

But for sure have an agent that is local do a drive by snap some pictures and give you a price assessment to see where your at. 

I have seen people do this a variety of ways and you should assess it more on a case-by-case basis.

A Condo's reserve account only has to be 10% of their annual assessment income in order to be a Warrantable Condo for Fannie Mae or in general.