When they indicated it was fixed during the due diligence of the property, did they provide proof (e.g. an outside vendor invoice and what was performed)?  

A lot of things can look good on paper for you out of state Investors in Indianapolis, but I get calls and emails all the time from out of state investors wanting to off load their Indianapolis properties that aren't performing.  

The houses were their primary residence and they had to relocate which turned them into landlords because they did not want to list the property at the time, so they agreed to lease optioning the home with current tenant buyers that are not able to perform.

Those types of situations require MASSIVE time and effort to get performing again.I might buy a business myself later this year.

Basically, an assessment is nothing more than what a municipality decides a property is worth in order to tax it based upon that value.Additionally, although cities and towns are mandated to perform assessments regularly (in CT they're supposed to update assessments every 5 years), that assessment can still be quite old and outdated.

I use an equity raise because it allows me to focus on the project and those that invest profit more the better I perform.

I would almost definitely be starting out with the more passive performing notes.

Does it vary with performance (where performance is Performing or Not - no in between needed)?

.; and Purchase and installation cost for a key and lock.IREM Chapter 4 recommends that our property management colleagues perform a thorough evaluation of all leasing and marketing materials.

If the price is right for the area, then determine the quality of the cash flow: is the building under-performing?