As a result, many condo associations are raising dues and issuing special assessments to cover these costs.Impact and Solutions:The combination of new regulations and rising costs is creating a financial strain on many condo owners, especially those in older buildings.

Cap Rate:To assess the overall profitability of the property, calculate the cap rate.

Purpose & Use DSCR (Debt Service Coverage Ratio): Used by lenders to assess whether a property generates enough income to cover its debt payments (principal and interest).

I would think and assess if it actually needs a new kitchen (if there are cabinets there already just old, can you paint them and put new knobs on)?

Richard's teachings on market analysis, property evaluation, and risk assessment have given me a competitive advantage in the real estate market and I am very grateful for that.

WAY overpriced, over developed, Insurance through the roof, condos are collapsing, in price, owners cant afford the assessments you want more LOL 

Insufficient reserves result in vendor bills piling up, value-add strategies running behind schedule, and returns being reduced, so it's important to have a clear picture about how well capitalized or undercapitalized a deal is so that you can truly assess the risk.

By quickly assessing the market and taking advantage of the property's high demand, Partner Driven added value through a well-timed sale without requiring extensive renovations.

@Peter Aziz So what's your assessment now?

The lender assesses whether the rental income is sufficient to cover the loan payments.