I hadn't concerned just trying to buy everyone out. 

My question for investors in high real estate tax states such as New York, New Jersey, are you concerned what your real estate taxes will look like in 5-10 years?

I have not done a full analysis of each rental to see what the deferred maintenance is as I figured that would be after I am in contract with the seller.One item that concerns me is that I am coming up with an actual expense ratio of 55-60% instead of following closer to the 50% rule.

I am concerned about us being pre approved (low credit scores) to purchase a multifamily and do a traditional bank loan, or likely a rehab loan as most of the multi families in our area are in need of updates, and more expensive than a property we could find to Fix and Flip.

@Mauricio Perez  The house sale will not cause any capital gains taxes due unless she made over $250k profit. 

In my jurisdiction we can evict for "no cause", so it's easy to end a month-to-month tenancy at any time when it's no longer working for us.

Greg,Always a concern on dues, special assessments, what type of board members do they have, are they physically sound?

If you can put together a great group of Sub-Contractors that's all you need, they will each let you know if they see something wrong on concerning on your job.I don't know if that helps at all?

However, my concern is its Compton. 

I am new to the phoenix Arizona area I just came across a deal and i'm wondering if the numbers add up the house has a mortgage on it that the sellers want to be paid off the area where the house is in a decent area they did some work on it they added an extra bedroom so instead of it being a 3br/2th its now a 4br/2th 1,400 sq foot with a lot size over 6000 sq ft the mortgage thats owed is 53k the house needs minimal repairs it really just needs to be updated they want are asking 102k free & clear and they want the mortgage of 53k to be paid off  total asking price including the mortgage price 155k is the total asking price houses in that area have sold for a wide variety of price range is my concern they range selling price is anywhere from 80k all the way up to 210k  properties withing the 1 mile range of the house have sold for 170k to 210k is this a good deal or should i try to go back and renegotiate the deal