I'm not sure that someone's past performance in the market will be helpful if you are trying to assess your potential future performance.

Be prepared for this aspect when assessing and analyzing deals.

Got hit with a 24k assessment 1 year after purchase, but we are still cash flowing and got the condo at a great price, as well as at 3.25% interest.

Such environmental due diligence is typically performed by retaining environmental professionals to conduct a “Phase 1 environmental site assessment,” and if necessary, a “Phase 2” and “Phase 3” site assessment.

I personally would approach this with a self assessment.

A lot of investors are (wisely) wary of condos because condo fees can rise and special assessments can eat up your cashflow.

One street where I owned two properties, I check the assessment records and found that of the 22 houses on the street 20 were owner occupied and my 2 were the only properties that were not owner occupied. 

I would be purchasing with an FHA loan, how do i assess if the deal is worth it?

.- Research the Flipper:Look into the history of the flipper or the company that did the renovations to assess their reputation and track record.Be Skeptical of the Cosmetic: Look beyond the surface-level improvements to understand the true condition of the home.Taking these steps can help ensure that you are making a well-informed decision and investing in a quality home.

A credible lender will be happy to provide them.Experience: Check how long the lender has been in business and their experience with similar projects.Red Flags:Upfront Fees: Be cautious of lenders asking for substantial upfront fees before any services are rendered.Lack of Transparency: If a lender is not transparent about terms, fees, or the loan process, it’s a red flag.Unrealistic Promises: Beware of lenders promising guaranteed approvals without a proper assessment or offering terms that seem too good to be true.Poor Communication: Difficulty in reaching the lender or getting clear answers can indicate potential issues down the line.By conducting thorough research and due diligence, you can confidently choose a reputable hard money lender that meets your needs.