Many investors prefer to work with experienced local property managers to oversee day-to-day operations and ensure the property is well-maintained.For apartments, they can be solid investments due to economies of scale, but it's important to carefully assess the location, rental demand, and potential for appreciation.

New investors might think they are salvaging an investment when in reality, they might be complicating their financial situation.Ultimately, the decision to cut losses is not just a financial one; it involves a careful assessment of emotional factors as well.

•Make sure to research the estimated tax assessment post-sale so you’re not caught off guard with a much higher tax bill than expected.6.

This will help you assess the value and avoid surprises down the road.12.

From what I understand HOA/POA dues don't get wiped out with foreclose sale in FL, so if you see a $150,000 condo get sold for $50,000, could you still owe $100,000 in back HOA dues and special assessments?   

We bought a property that we feel is assessed by the our local government too high.

Plus you’ll have experience and can better assess what you want to do next. 

It's nothing spectacular, just utility bills, trailing 12, rent rolls or whatever he's got so I can build an accurate assessment and make a fair offer.

Rental losses are not self-employment income losses - so they don't offset the assessment of that 15.3% / 2.9% / 3.8% level of tax.Here is your answer!  

I didn't see anywhere that you posted what they said ARV was, or what you think it is based on comps...the County assessment has no bearing whatsoever on value.