You can perform a cost segregation study on each parcel using various methods such as assessed value, net income (estimated net income), sqft of building, sqft of lot, or a mix of building and lot.

I have to agree with everyone's very real assessment of the BRRRR strategy. 

I have a feeling that if I pay for an inspection that they will only confirm this fact then it will hold up the process more and I'll have to get a follow-up risk assessment, then abatement ect.

Don’t waste your time on a property with an HOA because when they assess you will have an unexpected bill or whatever code they are trying to keep up.

The CPA and the attorney have since passed away.We are familiar of the double taxation in the c Corp and we can move into an escort but then we will not be able to sell it for five years due to the IRS “look back” Process and if we do we would then be assessed Secord’s taxes after the five years we would be taxed as an S Corp.The question is, in reviewing the documents and inquiring with the county which the farm is actually in, the deed that is on file is the quick claim deed from my father’s trust to both my brother and I.

Late fee assessed at 12:01 AM on the 6th (earliest allowed by CA law).

The HOA is run pretty well with large reserves so I’m hoping any major repairs would not cause a big assessment of any kind.Since it was purchased as a first home I put way too much equity into it to minimize my mortgage payment.

From my mind, the biggest risk with HOA's are special assessments which would likely chew up all cash flow, if you were to get hit with one.

That's why you take a pro through the house so they can assess it.

@Amy Spransy you do not need to worry about the Junior Liens, I have purchased around 40 properties at sheriff sales over the years and I have never had an issue with Juniors, you are responsible for back taxes if any, and this years accruing taxes, Municipal charges like special assessments, back water bills, Noxious Weed Cuttings, or city snow removals. but other than that you should be good to go, Oh you are also responsible for Occupancy, like if the borrower or a tenant is living there, and there is some debate regarding value of personal property left behind, but thats up to you to decide.