This post does not create an attorney-client or CPA-client relationship.Thanks so much for your comprehensive reply, Katie.

@Joseph Weisenbloom's post is the most comprehensive here, I agree with all of the recommendations.

Obviously, ATG is not the law, but it's something to keep in mind while assessing risks.PS.

I already know he’s planning to try to put a road assessment out for the road which never had one so I know it won’t stop with just this one problem.

Before investing in any area, conduct thorough research, consult with local real estate professionals, and assess factors like job growth, crime rates, school quality, and demographic trends.

. - If a pet is involved, there are third party pet verification services that you can contract with to help assess the risk of the breed.

Assess how your property managers are performing and make a decision on whether you should handle property management yourself or enlist the help of a professional management company.

Assess your current financial status and identify how much capital you have available for real estate investments.

I’d take it to $1500 and assess again next year. 

I fully agree with your final assessment.