Said he needed to come out the next day to further assess.

Since you have the benefit of having lived there for so long, you should also just consider the financial health of the HOA and weigh risk of any large assessments.

My dude, you're making this way more complicated than it is.Gathering the data to input into these indices would take more time than finding great deals.I won't poo-poo all of them, but for example index #2, list price to Tax Assessed Value, with all due respect who gives a crap?

The entire property is only assessed for $57,200.

My broker was showing me a deal in that building that looked too good to be true, so I had him look through the condo docs for any kind of upcoming assessments or the possibility of STRs being banned.

Just doublecheck the property tax assessment for the house in 2018 to gauge what your monthly tax burden would be.

So there are opportunities and I believe there will be into 2020, but you need to get really good at assessing risk.

You have to be able to quickly assess a deal and make an offer when the opportunity arises. 

Assessed value is for the locality to set a value for you property taxes.

Great assessment from @Brian Garlington...totally agree.