we are still assessing the rentals we manage but overall are just finding a few minor issues so far. 

But the other side of the coin is correct - the downside, and it can be huge, is potential assessments from HOAs who aren't solvent enough for new roofs or roads or maintenance.

Also Condos are dealing with high special assessments.

If you believe your property’s assessed value is too high, you have the right to challenge it.

So, having a trusted and experienced Realtor to provide you with an evaluation would be a good start to helping you really assess your options.First, I would ask you what your ultimate goal is...? 

Have you passed the tax assessment yet, or is this your first year of owning it?

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).

Meetup.com is a good resource for those but some of the groups will also post here on Bigger Pockets Marketplace too.

As a reminder, listing tenure positively impacts your performance on our marketplace.

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