But, depending on the age of the building he could also be hit with an Hoa assessment for a new roof, painting the outside or parking lot maintenance.

Account ClosedBig reward = high ratio of (tax + penalties + interest assessed) divided by (IRS payroll and other costs).There is not an exact number.It sounds like you need to find a new CPA.

The town’s property card assesses the property at $130,100 and lists the sale price at $132,525, five years ago.

Whats luring me in this deal is the assessed value, it is a lot higher than the listed price.. is this information irrelevant? 

Also when you use a bank for rehab they want to look at work that has been done and make assessments on paying your contractors which can be verry time consuming.

Its a very solid house and will cash flow probably $300-500.. my one concern is that i paid above its current assessed value.

As I am looking into this to decide if I need to also snag myself a license in those other state's I am thinking that the marketing of the actual individual property addresses themselves is something that will require a license........Hoping I am wrong in that assessment as it's another layer of red tape..........Any thoughts you can shed for me?

They are harder to assess.

Some people just use a straight 20% or take land value from county tax assessment. 

Taxes are based per 1000 value assessed.