Additionally, consider consulting with a financial advisor or tax professional to assess the potential risks and benefits of borrowing from a retirement account for this purpose. 

Also look at the lots on HCAD as it shows an assessed value and market value. 

The assessment came in at $10k over what I'm paying for it. 

While non-profit partnerships might offer guaranteed rents, carefully assess the terms and potential long-term impact on your investment goals.

The property is being sold as raw land below its tax-assessed value.

*********************************Here's some additional appraiser brain droppings, not included in the "brief response".Assess the important characteristics of the Subject property, in relation to the market.

Home inspectors arent qualified to give you a true assessment . 90% of what you mentioned could be addressed in a couple days of work 

I’m looking for some help on the new apartment assessment form in Lake county area of Indiana.

.• Property Condition: Assess property condition and potential renovation needs.• Rental Income: Determine potential rental income for each unit.• Expenses: Estimate operating expenses including property taxes, insurance, utilities, maintenance, vacancies, and property management fees.• Financing: Explore options like FHA loans, conventional loans, or portfolio loans.• Cash Flow Analysis: Use a tool or spreadsheet to calculate projected cash flow.Based on your estimate of $300 per month in cash flow, make sure to verify that this aligns with your financial goals and risk tolerance.

Additionally, It is noteworthy that the seller was a member of the HOA board at the time of obtaining this permit, raising questions about the legitimacy of the process.Though I am not currently residing in the apartment, I took the initiative to rectify the flooring issue in cooperation with the HOA, given the significant disturbance experienced by the current residents due to the subpar quality of the previous labor.Furthermore, short after I bought the unit, I discovered an assessment imposed on the condominium, which I was not informed about prior to purchasing the unit.