Option B is less stringent in its underwriting guidelines, requires a higher down payment, higher interest rate but moves much faster. including the time it takes to do the BPO to assess the value of the property.

I do understand that when / if the assessed value increases, so will the property taxes. 

I know he'd give you an honest assessment ... let me know if you want to connect with him.

Different land parcels not only vary in purchase price, you also need to assess the land infrastructure cost which will change based on the property so your construction cost will be different based on each parcel of land you're looking at even using the same 4 unit set of building plans.

Assess.

Hi @Aaron Jones,Here it is, directly from Fannie Mae (which for the record is not "the government" in the way you are thinking):Variable IncomeAll income that is calculated by an averaging method must be reviewed to assess the borrower’s history of receipt, the frequency of payment, and the trending of the amount of income being received.

I see above that the taxes are high, you can not have them re-assessed until 2017, if they will reduce at all, so make sure to factor that into your carrying costs.

How to properly assess property damage and amount it would take to repair?

You will be able to make accurate repair assessments and estimates which will lead to better buy-side offers for you and much greater customer appreciation from your buyers.Owning your own investment properties is one of the best ways to learn, but that takes some time. 

Most of the mold ruined their usual work other than the bathrooms since the bathrooms were ceramic tile lol.I think the reason why the bank hasn't gone lower than $200K is because it has two houses and the land alone is worth $108K (according to the tax assessment).