🚀💰You're spot on from your assessment so far.

If they’re underfunded, you could get hit with special assessments.Not sure about the exact contract with the tenants, but I assume if there is any additional assessment, it would be tenants’ responsibility.Since you want to stay local and focus on cash flow, commercial makes sense, but have you considered industrial or flex space? 

Visit their office (or request a virtual tour) to assess professionalism.

County has assessed for 200k but would be worth more due to the area they are building homes left and right on that road and they are selling 300k+ and up.

Let me do my best to break it down into bite sized chunks.1) Your property tax increase is going to be 2% of the original assessed amount that breaks down to be .024% of the purchase price.

Over time, you can quickly assess whether a deal is even worth further analysis before diving into detailed underwriting.

I would recommend having the property assessed for any damages—were the windows or doors damaged during the forced entry? 

You rehab and increase the value - assessed at a higher value and now have higher taxes. 

@zach lemaster with R2R continues to reach out to assess the situation as well as work with us to strategize for subsequent properties.

To get familiar with the area, network through local real estate groups like AZREIA, connect with multifamily brokers, and explore neighborhoods firsthand to assess tenant demand.