You can dive into the specifics of that here if you'd like to see why they jumped so high YoY.What I'm saying is, HOAs are a lower entry point of course, can be lucrative if you analyze the deals as traditional long term rentals....BUT, you ultimately have little to no control over specials assessments, HOA fee increases, and even rule and regulation changes that can impact your investment.

Talk to a couple of realtors in the area to get a market assessment and see what they think it is worth, how long it might take to sell and look at comparable sales for both (sales price and days on market). 

By no means would these be exact estimates and they should not be solely relied on but with high level information, I think most sponsors would agree that they could provide feedback fairly accurate assessments within +/- 5%. 

You could certainly dive into a new build cold turkey, but you are then relying on your team very heavily to make it a success with little ability to self assess progress etc.

Suppose I’m doing a BRRRR deal and my after renovation appraisal comes back significantly lower (eg ~10-20%) than the tax assessments on comparable properties, can I use that assessment as additional evidence to an appraiser that a bigger value is warranted?

While I grasp the strategy, it's essential to assess whether the surplus funds she contributes monthly could generate a higher return if invested elsewhere.

Hi Laura, I agree with what their assessment was and I would handle it the same way myself.

A lot of the things a mortgage company requires is to protect their financial interests (and subsequently protect you also)....getting title insurance, a survey, an assessment/inspection, and requiring home owner's insurance. 

Use a rental property analyzer to assess cash flow and return on investment.

Assess zoning maps and land available for competitors or expansion in existing locations.2.