Sell.I am really concerned about trends I have seen in Florida where condos are being shut down due to unpayable costs/assessments, the building gets torn down and then a new one rebuilt and the condo owners simply lose everything.The idea of an HOA on sterroids makes me want to avoid them but then the added risk of shady tear downs makes me avoid condos like the plague.

It may be beneficial to consult with a contractor and real estate professional to assess the best option for your specific situation.

Be mindful of the state of the property's general structural integrity as well as the roof, HVAC, plumbing, electrical, and door systems.Create a comprehensive scope of work that describes all the fixes and enhancements that are required.

How do I even go into assessing something like this for rental value and long term appreciation to know if it's a good deal?

My favorite part is that we can take the percentage of the structures assessed value (assessed improvements value / assessed total value [including land] = Percentage) and the play our purchase price by the percentage to get our depreciable basis (not including acquisition/closing costs, of course).

In this instance, an appraiser may assess the Cap Rate of the Starbucks to be 5%, while the mom-and-pop shop is assessed to have a 10% Cap Rate.

Instead of focusing solely on debt amount, assessing the debt-to-income ratio (DTI) is more indicative of a tenant's ability to manage rent payments.

Today, let's discuss property tax assessments.

Those expenses are passed onto each owner in special assessments or HOA fees.If you want a very hands off rental that you can manage yourself, maybe from a distance, Condos are a great option.Condos rent fast because they are usually newer and there is a lot of amenities that can't be found in apartments.

For older demographics, consider the availability of medical centers, entertainment, and restaurants.Buildings/Permits: Assess the city's growth compared to previous years.Determine if the city can accommodate future supply.Government Regulations: Examine the city's efforts and the type of businesses they are targeting.