Quibbling with GOI - - it's normally call GSI, Gross Scheduled Income :grin:Nicely done, and taxes are a per state issue - - here in Calif, we have Proposition 13 which forces the tax assessment to be 1% of the purchases price.If you can gain access to the Count Tax Assessor's website, you can normally see the assessed value and the taxes it generates.

Task #3: Obtain 6 soil samples, biased to field assessment.

Here is item 3 mentioned above1.Delivery of Property Information Items: Within 7 days after the effective date, Seller will deliver to the Buyer:a)copies of all current tenant applications and leases pertaining to the Property certified to be true and correct, including any modifications, supplements, or amendments to the leases (applications, leases, modifications, supplements and/or amendments to be made available to Buyer during regular business hours at the Property);b)current rent roll (showing lease rent, delinquencies, lease expiration and security deposits paid), certified by Seller to be true and correct;c)most recent 3 months bank deposits;d)a copy of Seller's income and expense statement for the Property for the last 36 months immediately preceding the effective date;e)copies of the Evidence of Insurance for all policies since the last renewal, including invoices, current policy, and copies of the last three years loss run from the insurance carriers for fire, hazard, liability and any other insurance policy that relates to the property;f)copies of all previous surveys, environmental assessments, geotechnical reports, studies, architectural, engineering feasibility studies, “as builts”, plats, or analyses made on or relating to the Property, including maps, plans and drawings;g)real and personal property tax statements and any appraisal notices for the Property for the previous 2 calendar years;h)copies of current capacity letters, and current utility bills from the property's water, sewer, gas electric, trash, phone and cable service providers for the past two years, or permission to access these accounts;i)copy of existing Property Management Agreement; a)payroll detail – 2012W-2s, YTD monthly, and most recent Y-T-D paystubs;b)a current inventory of all personal property to be conveyed under this contract and copies of any leases for such personal property;c)copies of all notes and deeds of trust against the Property that Buyer will assume or that Seller will not pay in full on or before closing;d)copies of all current service, and maintenance, agreements relating to the ownership and operation of the Property; including but not limited to: Laundry Lease, Cable/Satellite, Electric, Phones, Leasing, Commission, Advertising or other;e)copies of all current warranties and guaranties relating to all or part of the Property;f)current and past capital expenditures for the past three years;g)copies of all work orders for repairs incurred by Seller for the Property in the 24 months immediately preceding the Adjusted Effective Date; (work orders to be made available to Buyer during regular business hours at the Property)

Anyway, the point I wanted to make is that I COMPLETELY agree with Gonz about his assessment of San Antonio. 

If we go this route, there will be a $400 assessment per property in the HOA.Does anyone have any knowledge in this field?  

or special assessments?

This is useful to you (the investor) in helping to learn what property is worth in a particular area and to be able to quickly assess deals.When starting out, I used to run expected expense/income numbers on every single property I looked at.  

I was just looking at assessed value and listing history.

Assessed value doesn't mean anything.

They simply are not compatible with the level of service we demand of our vendors.Our owners have been burned so many times in years past that we finally decided we had enough, and said "no more".