You should get an property condition assessment to see how much capital you need to bring it to at least warm shell, reach out to a local broker and pick their brain on the market, achievable rents, commissions, tis, and sales comps.

Discount the expected maintenance along a time line  as well as capital improvements on your rental and before tax assessments.

The tax assessment for 2014 was $186K.

If their expense is close to their income, when it comes time to redo the roof, they will hit you with an special assessment (extra payment) to fund it.

We have already had 2 small special assessments that has been taken out of the small reserve, but I'm concerned on a large special assessment.  

I know of a very nice property in my area that is owned by someone who apparently has no motivation to sell, and yet this house sits vacant and abandoned, and is being assessed fees for maintenance by the City.

To all,Got an investment question about a subject property of interest.I want to buy a property but I did some research on tax assessment.  

This is a first and the real estate agent, title company and county assessment all seems confused and all have different opinions and really dont know what to do.I have a banked owned home under contract.

Whether that gets me anywhere who knows.Its city assessed and 235K. 

Also remember valuations from a county assessor are always VERY low or generally low.Oregon is one of the few states I know that on the assessor page they give you tax assessed value..