My personal risk assessment that I suggest to my clients would look at a worst case scenario of long term rent (12 month lease), furnished medium (30 days or more), and for short term.

Some steps you could consider: Assess Your Current Property, Educate Yourself, Define Your Investment Strategy, Explore Investment Opportunities, Market Analysis and Property Selection, Build Your Network, Due Diligence and Risk Management.

It's a key strategy for homeowners to consider when planning their sale and assessing their potential tax implications.

When I was selling residential solar I assessed 3-6 homes a day and often saw FPE panels with charring around where a breaker had been overheating for awhile and started arcing because it failed to trip, causing the breaker to melt and the wood framing the panel was mounted on to start burning.

A contractor assessed the property last week but still needs to inspect the uppermost part of the roof for additional leaks.

Request a price reduction equal to the discrepancy between the assessed and market values.

It's a vital link in the chain of title that will be researched from now on out.On the plus side, the county conducted its every-5-years tax assessment just this spring and doubled the tax value of the property.

What are some suggestions for better systematizing a small portfolio, to where we’re not doing it all manually, and we can have reports to better assess where we’re at throughout the year?

Jon Bock, CPA/PFS Thanks for the note Jon.Great questions and to the point.No particular deal, just trying to assess all my options, so I have a good grasp on my financial resources ahead of finding the first deal.Why real estate? 

@Justin Brin - well yes TX property taxes are always high but the run up of sales over the last few years have given taxing entities the opportunity to re-assess even more.