I look at the macro level and assess the entire scope of the neighborhood.

Hi all—I co-own an LTR with my parents, the property was purchased in 2022 for $240k and is currently assessed at ~$350k.

Not that this is my business but I need to be able to assess his ability to pay consistently on time.

There are a lot of levers that we assess when analyzing properties. 

Definitely speak to a lender to get an accurate assessment (loan estimates are free).

I tend to steer away from condos due to HOA fees/special assessments etc I would be interested in a neighboring unit if the zoning was right and there was room for expansion.

It gives them flexibility and protects you from being locked into a long-term lease that may end early anyway.Twelve-month terms also give you a more frequent opportunity to adjust rent, assess the property’s condition, and respond to any changes in the market.That said, military tenants are often very responsible and great tenants, just something to keep in mind as you make your decision.Best of luck,Thanks 😊  

We have a deposit disposition sheet we go through when a tenant moves out in order to assess damages.

Even if you are evading paying RE taxes on present valuation, once the sales transaction is recorded the new assessed valuation will show an amount based on your purchase.It does not appear that you allowed for any vacancy %  and have zero maintenance budget.

That said, your points on infrastructure are important, it's tough to assess how well a city is handling growth from out of state, so I appreciate the insight!