A SE walk through would run around $600-1000 to assess it and would be a good starting point honestly.

First things first, when assessing property managers, it is crucial to prioritize their ability to collect rent and manage delinquencies.

Since you recently purchased, yours was reassessed at todays values and theirs are still working off assessments from years ago (possibly) and the people you bought from likely had an old assessment as well.

Each individual needs to assess their own ability to handle costs over that time frame when cash flow may dry up.

If you want to find out how much equity you have to see if that’s an option for you, connect with a real estate agent and ask for a professional equity assessment report (PEAR).Who knows, you may find out you have enough equity to buy your next place outright– and with today’s mortgage rates, not having to take out a home loan is pretty incredible.

From there you assess if month to month cash flow deficit is okay, that's really such a small detail of it.  

Early repayment will mean a 2% fee being assessed. 

Not sure how they could block a sale but I imagine they told him the central heating unit for the whole complex would soon need replacement so a special assessment would be upcoming.  

The coverage limits are as follows:$200k -> Dwelling Premises Liability -> $300,000 per occurrence Medical Payments $500 per person / $25,000 per occurrence Additional Living Costs And Fair Rental Value -> $19,000 Loss Assessment Coverage -> $1,000 Ordinance or Law -> $20,000 or 10% Water Damage Limitation -> 10% ($20,000) Deductibles All Other Perils -> $2,500 Limited Theft Coverage -> $2,500 Water Damage Deductible -> $5,000

Also assessment never picked up those multiple sales and the parcel was being taxed at 8 acres.