While OZ investments offer significant tax benefits, assess property risks and long-term potential beyond the tax savings.This post does not create a CPA-Client relationship.

A reserve is unnecessary, but I still keep around $15,000 - $20,000 in my account.The point is, that you should sit down and assess your finances to determine what the worst-case scenario may look like, how much you would need to cover it without impacting your life, and whether you will need to build a reserve.

Over 3 years, I make interest only payments to seller, but raise market rents and it assesses at $650K.

My guess is after they bought the parcels they only had one of them assessed in their name, but I'm new to this and am not sure.I haven't spoken with the developer yet.

If you can find comps that support a lower assessed value, it's worth trying to appeal.

Growing demand for rentals in neighborhoods like Midtown and Corktown provides consistent cash flow, and government incentives such as Opportunity Zones further enhance the investment climate.To add my perspective, it’s important to conduct thorough market research and assess trends carefully.

Do to the state mandates that require 100% reserves in all categories, combined with the rising cost of their neighborhood insurance policy, my strong recommendation is you find out what further anticipated spikes in association dues & if any possible special assessments are looming.

Owners were charged an assessment (several thousand dollars) in 2023 to put into reserves, as per the new rules after the Surfside collapse.

I have a house where the information bubble (assessment, stats, value) is a house two blocks away, even shows a street view picture.

OPI would assess your fire potential first.