My area is North New Jersey which is notorious for high prices on multi-units and very low inventory 3 family house, 2 car detached garage and driveway. listed at $345k, hoping to pick it up around $320-$325k 3 units to rent, a 3 bedroom, a 2 bedroom, and a studio Current rents: 1300, 950, and 650 Taxes: 7000, (flood insurance is required although unit does not seem to show signs of previous flooding in last 2 major storms, electrical from 1990 and gas furnace is over 10 years old) Flood insurance: $1600 (450k worth of coverage) I got approved for a mortgage at 5% rate after 25% down.

John,I have never run across this and personally believe them to be a waste of time, as your typical appraisal curriculum is not oriented towards determining a realistic value, but rather determining a lendable value.

This is the wild west and these CA Counties are notorious for errors.

Many HOA's are notorious for sending the bill to the property address and NOT your mailing address.

I had to explain to the owner that, worse case, they could require him to have part of the landfill excavated, fine him hundreds of thousands of dollars, and put him in federal prison.

We don't do debtor's prison here, and we don't allow even the IRS to garnish so much of a persons wages that they are on the street.

Tax assessments are notorious for being off the mark.Is there any deal to be had here if I could get her down on the price?

I was at work, (or in prison lol), and around 2am two different Real estate infomercials came on each of the TV's.

He previously had been facing 21 years in PRISON for MONEY LAUNDERING and PHONEY CONSTRUCTION JOBS!

As I've mentioned before, I know personally a really investor friendly attorney, he's still serving time in prison.