Condos can be tough to cash flow due to high HOA fees...and special assessments. 

Taxes are high too, with new assessments soon (but still lower than Cuyahoga Cty). 

I also had to take time to assess all the furniture.

We are all right since it’s our money, our risk assessment and we each know our total story.I like the stock market Longterm 15 years and out.  

I decided to stop buying and re-assess. 

Visiting the property in person is beneficial too, as it helps you understand the flow of the house and assess how well it can be marketed later on.For turnkey properties updated by previous owners who lived there can be a good buy.

Second, I look at listing photos and Google Earth Street View to assess the condition further.Third, I determine a rehab scope and run it by my agent.I have my agent, inspector, and contractor walk the property together.

There is no insurance that covers an increase in HOA assessments. 

Perhaps a strategy to explore would be to buy in cash, exploit the buying power and get a better deal, stabilize the property over 12 months, have a better assessment of the properties expenses, then finance the property. 

I’d love to hear about environmental assessments, soil tests, and any other pre-development evaluations