If you're considering investing in land, you need to do your homework thoroughly, understand market trends, assess the potential value of the property, and also take into account various potential risks and issues such as ownership rights, usage restrictions on the land, development costs and so forth.

This could include recent property tax assessments, insurance quotes or invoices, or any other relevant financial information.Another option is to contact a real estate attorney or financial advisor to review the escrow analysis and provide guidance on potential next steps.

Are people getting spooked out of older buildings / concerned about huge assessments? 

I’m 55 and throughout my life I’ve learned to consider risk assessment, and I’ve determined the structure I’ve carefully followed minimizes my liability and protects my assets.

(This should lower surprise assessments and help maintain buildings in safe condition.)The inspection results will be made publicly available through the state. 

A day later, I called in the assessment of 40k ( I have the vote).

(Your mileage may vary)Prior to finalizing a lease agreement, I am considering presenting tenants with two rental price options for consideration:1) Inclusion of renter's insurance within the lease terms, with the option for tenants who decline coverage to pay slightly higher rent (wherein the associated premium cost is included in the monthly rental amount without the tenant's explicit knowledge).2) Inclusion of renter's insurance within the lease terms, with the option for tenants who obtain coverage to receive a slight discount on their rental rate equivalent to the cost of their renter's insurance premium.Optimistically, the second approach aims to incentivize continuous coverage for the tenant through a comprehensive renter's insurance strategy.

Seek for condominiums with comparable renovations and evaluate the impact these upgrades have had on the selling prices of those properties.Rental Demand: While renovations might increase a condo's appeal to prospective tenants, especially in the Section 8 leasing market, it's important to assess if the cost of the improvements can be recovered by the anticipated rental revenue.

You need to assess what you are trying to achieve and what paths will produce the opportunities to get you there.

I've fought and won high property tax assessments before without assistance.