The county's Planning department is pretty lame and, with ever-more-challenging development requirements, it can take a long time to get the things done that they require with raw land developments.I've recently started preparing pre-screening assessments on these types of potential investments for others who have found deals on RedFin, but aren't in the area and/or familiar with the neighborhoods.

But if the tax rolls and the assessments are certified as of a certain date for everyone, then the government is consistent and no one can claim unfairness .

Nice assessment @Lee L., fully agree with your neighborhood breakdown. 

Now when I used to do courthouse steps I did not trust anyone for values .. and since I am a Broker with access to MLS I did my own evals.To truly be in this business in the bay short of maybe getting lucky to buy one prop a year you need team work and methodology to be able to assess a property in a matter of an hour or two. because the one you get focused on probably will not go to sale very few actually do. so you need to be evaluating 100 or more to get a shot at one..this is what seperates those who are successful to those who think they may want to try it.. its not really a mom and pop business on the west coast.. you can do this in the mid west no problem low values and tons of activity.

However, the UPCA states that:"in the case of resale or transfer of a unit consisting of unimproved real estate, the capital improvement fee shall not exceed one-half of the annual assessments for general common expenses..."

Check the county records to see what the property's assessed value is, and how the taxes are computed. 

-Expenses (per month): Insurance: $76, HOA: $194, Taxes: $66, Mortgage: $449, Property Management (@10%): $120, Maintenance (1% of 117k/12): $98 (not sure if this might be too high for a condo, but I might take it as a reserve anyway in case of a special assessment).

Property tax is a bit high and was recently assessed downward by the county at my request and after providing some documentation.

Give me an address and I can, within five seconds (literally), have a hypothetical ROI figured that includes the property's assessment, collation of neighboring sales, mortgage payment with current rates, taxes due, etc.  2.  

Inferior liens get wiped out superior liens do not with the exception of condo association liens and assessments (You need to pay all of the back owed condo fees)Superior liens are generally liens recorded before the mortgage that is foreclosing was recorded and also property taxes are superior to everything and you must pay them.