Initial Inspection and Assessment: Document property condition before work begins. 

College STRs are a great idea if you want something small, but I would look for small 2 bedroom SFH over condos just to avoid the potential assessments and condo captains (HOAs).

I’d also advise being cautious with turnkey listings that look overly perfect—they often come with a higher price tag and might not deliver the promised returns.Also, I’d encourage you to really assess property management options.

@Jamaal SmithWas the increase due to local tax increase in rates or due to valuationMost property taxes are increasing significantly as is insurance because of inflation - everything has gotten more expensiveYou can try and contest the assessment and see if it reduces taxes.

You can suggest performing background checks, credit assessments, or offering a higher down payment to mitigate risk.### 6.

I typically provide that as a starting point and then assess my situation/budget for the BRRR/and timeline for my next move with the investment. 

I’m assuming it was quarterly, but did you also get frank assessments, upcoming goals, etc?

Here are some practical steps you can take:First, make sure you have a clear and comprehensive written agreement.

I am not skeptical- I am just not the type of person that goes in to things without knowing to much and I prefer to ve informed, assessed and certain of what Im getting in to.

I would talk to the county about how they calculated the assessed value.