I'm one the H.O.A. board now, there will be a special assessment for the exterior rehab but max at $1000 a unit.  

Here are a few items I will point out for you to research:zoningcurrent leasescondition (inspections (Property Condition Assessment))taxesinsuranceseller financing as an optionthe lending option you plan on usingNow, once you have that information you can begin to understand lenders requirements to purchase:net worthdscrltvetcFrom there you can get pre-qualified and make an offer.

Any person who in any manner (i) paints, prints, places, puts or affixes any sign or advertisement upon or to any rock, stone, tree, fence, stump, pole, mile-board, milestone, danger-sign, guide-sign, guidepost, highway sign, historical marker, building, or other object lawfully within the limits of any highway or (ii) erects, paints, prints, places, puts, or affixes any sign or advertisement within the limits of any highway shall be assessed a civil penalty of $100.

As soon as we buy, we contact the foreclosing attorney or firm and assess the progress.

Honestly I don't need you to answer that because I know what you most likely think but if you ever need to be educated a bit more here reach out to someone that can give you a more realistic assessment beyond the google. 

Ultimately, as a deal maker, you are in the best position to move first/move fast to find sites and and make initial zoning assessments that work for you as a developer.Once you have identified a piece of land that is in the neighborhood that you are focused on, or found a site, you then want to research the zoning of the property.Now, you may say: shouldn't you check zoning first and then find a site you want in that area?

The lady next door was doing just that with her 4-plex (bought from the same seller) but the inspector told me not to do it (because it was a "ticking time bomb"), though I wasn't sure about his assessment since there didn't seem to be a ton wrong with the property.

How do you assess how much to pay for the land?

@Amine Nhila in year 2 you will likely have a large bump in prop tax with current assessed value under $200k.

We have all necessary permitting, environmental site assessments, and city and state approvals complete.