@Guillaume Derouet My suggestion is to assess over the phone the motivation of said person.

As we started to progress we bought pure rentals and have continued ever since.

It included population statistics, growth, aerial photos of the land, ARV, school district reports, salaries, details of the property, home prices in the area, history of taxes on the property, assessed values of the home, and land.

If that type of work arises, I don't mind calling in the professionals in the field.What I'm looking to find is someone who I can build a working relationship with, able to assess the condition of a house and the repairs required to get it to a rentable state.  

The assessed value will have no bearing on the appraisal.

Hi all –I have a question for all the new, and soon to be new real estate investors out there; experienced investors, feel free to chime in, let us know what challenges you overcame when starting out.What are the challenges that are stopping you, or slowing your progress as a real estate investor?

If a facility is 30 years old look for either large reserves or a lot of new construction with new roofs, good siding and good paving.Look for a history of special assessments and understand what that is all about.

Good luck, and I look forward to seeing your progress!

@Joel Owens  I agree with your assessment..

Hi @Lisa Foster-Bryant  Be sure to check up on the stability of the HOA -- whether they have adequate reserves, if there are any upcoming issues that will require special assessments... a bump in HOA fees could make a big difference in your profitability going forward.