Unless you are on the board, you won't have much control over unreasonable special assessments, HOA due increases, new laws about no rentals, and restrictions on what you can and can't do to your property, how many people can live there, etc. 

ForwardThe post you are about to read is based upon a factual account of a property condition assessment (PCA) recently completed for a commercial real estate property consisting of a multi-tenant industrial office and warehouse building located in a far northwest suburb of Chicago.

Hello @Jeremy VanDelinder,   I'm located in Los Angeles (relocated from Houston a couple of years ago) and I'm currently looking into doing a BRRRR on a fire-damaged property; This would be my 3rd rental, but the first fire-damaged one;  I definitely see the risk of getting into this,  but the potential benefits can be well worth it..with this said, I wanted to ask your expert advice if possible in regards to my inquiries below: a) When walking into a fire damaged property (SFH) to do an initial assessment, what would you say are the key things to keep an eye on and look for ..   

Can you say SPECIAL ASSESSMENT?  

Keep posting how this progresses please.

Hi Hai,I think we will have to wait until the smoke (Cohiba) clears from this Corona thing before an accurate assessment can be made of what is going on.So much is in a holding pattern right now, and we really don't know the "Crash and Burn" rate (if any) that there will be from this right now.

Very interested to hear if anyone has any info on the progress of their rehab or new construction.

Looking forward to connecting with you all and keeping you updated on my progress!

If you're considering a discount, I would tell them that you'll assess the entirety of the situation once normal operations resume.

I would say B- street but definitely in the path of progression. 8.3% vacancy and 7.5 repairs and 7.5 cap X.