Also when you are under contract and get condo docs, make sure to read the meeting minutes (for the past year if available) they will indicate if there are any talks of an upcoming special assessment (which you don't want).

Unless the Seller is certifiably insane, they'll add a clause to the contract that the bit coin will be assessed at the time of closing and the present value applied toward the total purchase price that is denominated in USD or some other currency.  

Steve,Actually, this is where a more nuanced assessment of this comes in.I actually meditated and journaled on the very situation you described lately.

The market is slow currently and you need to check flood zones and assess insurance costs when underwriting a deal.

Hre are the key things to knowWhat you are bidding on - often oddball properties that are hard to identify and have little value are auctioned offThe true as is value of the property, The tax assessment can be way higher or way lower than the true as is valueThe local laws and how they affet your total costs and returns

Post insolvency, the framework allows an assessment to all private insurers operating in the state to cover the difference which will subsequently pass the costs along to policy holders.

Be pro-active and assess risk now and not re-active when a GP drops a request on you.

Condos are less expensive to buy, but you have condo fees and special assessments and condo rules.

When it comes to assessing maintenance costs, one of the best approaches is to request itemized breakdowns for larger repairs.

Then a hiring increase for local regulation officials or private sector to assess housing quality & approve it.