If you purchased the house within the last year though, if the purchase was an arms length market transaction, they will stick with the transfer value as they usually assume that the bank appraisal came at or slightly above the purchase price. so, if you sold to your son for $3k or whatever, they would not lower the taxes to that.

And I found multiple recent articles from experts arguing that each one of these was imminent, armed with very convincing graphs and acronyms.Which is to say, i'm nervous, or I wouldn't be googling.A long time ago I read a thought piece by Heinlein, talking about how if you stockpiled enough canned goods to get you through a dystopian future event, you better have space to hide the used cans or your neighbors would kill you for your food. 

You can also now get some on a 5/1, 7/1, 10/1 ARM but they may limit the number of assets (by parcel number; not door) in each loan. - Non recourse. - usually non-recourse with standard bad-boy carve-outs. you may get better pricing if you go recourse but that is not always the case- Income approach appraisal. - it will be on a comp sales approach since all the assets are residential.

There are lots of reasons why condos are or become non-warrantableProjects where a single entity owns more than 10% of the total units (for projects with 21 or more units).Project has inadequate insurance coverage.Condo project has similar characteristics and is managed as a hotel (condotel)Project (HOA, sponsor, developer) is in litigation that relates to safety, structural soundness, functional use or habitability of the project.New construction condos.Established condos that have additional phases in need of completion.High percentage of non-owner occupied units.High number of units being delinquent on association dues for more than 60 days.Project budget is not appropriately structured.Does the condo budget doesn't have at least 10% in reservesDoes one owner own more than 10% of the unitsIs the investor ratio of the units greater than 50%and many more. 

If I lose everything they'll still be there with open arms 🤗

If it is so old and rundown that it causes a health or safety hazard, you would have an argument, but if it just looks outdated you likely have no leg to stand on, legally, since you rent a property in as-is condition.

If you choose to invest in a new market out of state, you need to do research based on the location you choose, big criteria like economic condition, population, rent and price ratio, taxes and employment situation, and you should not ignore small criteria, like safety and crime rate, public transportation, neighborhood, environment and weather.

Keep them at arm's distance.

Additionally, the tenant choosing to move out informed us of some psychological issues the remaining tenant has been recently diagnosed with and we have some concerns for the safety of our other tenants.

Arm loan 7% intrest, 20% down payment.