Also Condos are dealing with high special assessments.

Just google the following: - special assessment - zombie condos - Florida condos (look for recent news)Since you are not living near the properties anyways, why not look in a landlord friendly state where the purchase prices are lower?

Example:  Risk assessment.  

Typically, the tax is based on the assessed fair market value of the property at the time of the transfer, even if it’s not a traditional sale.

Still assessing if it was the property itself or the property class.

This tax is assessed on business income inside of tax-exempt entities or organizations (IRA falls into this category).

Towns in New Jersey can be wildly crooked and will try to assess you for things they missed on prior renovations before you even bought the property, which technically they can do.

Also when you are under contract and get condo docs, make sure to read the meeting minutes (for the past year if available) they will indicate if there are any talks of an upcoming special assessment (which you don't want).

I believe it to be very accurate assessment based on my personal experinces

As firefighters persist in battling the blazes, many residents are left assessing their financial and emotional losses.