However, on this one, I believe is over-assessed for taxes and it's in a higher-taxed neighborhood than my first.

If it's over that time period without itemizing damages, then you usually cannot keep any of the deposit, anyway, unless the law allows you to send a letter claiming you need more time to assess, which I believe some states allow.  

You get the pointWhen you come across something you perceive as a good dealYou cannot assess the value of the property and therefore price you should offer without knowing the state of it.

@Andrew ZannottiCumberland county has high taxes ,higher than Raleigh, lower rents .properties won't appraise to the tax assessments.

I suggest you get down there quickly and assess what you still need to get rid of.

Also investigate past special assessments by the HOA. 

As @Michael Albaum mentioned the $800 per LLC that is assessed in CA is a heavy price to pay as your properties stack up.  

@Isi Nau Nice quick, down and dirty assessment. 

Examples:State Awards Grants to Rural Communities to Attract 153 New Jobs and More Than $69 million in Private Investment North Carolina received approximately $43,300,000 in CDBG funds for 2017The game here is to work with county economic development leaders to assess their needs and help them with their real estate goals.

In leveraged real estate investment, G/L is the result of:Surplus cash flow if anyPrincipal gain on your mortgageValue-add play/market inefficiency at purchase or afterPrice appreciation/depreciationRent appreciation/depreciation (and raising rents at purchase if applicable)A prospective property should be deemed attractive if under a well constructed model and across a certain time period, it optimizes total income from the above better than other prospective properties.Note the flip side of leveraged cash flow is leveraged CapEx, where a more accurate assessment of the latter may significantly reduce your projected cash flow.Principal gain should be considered in relation to cash flow, it may be an "almost certain" gain in the long run only in strong markets, though still is an unrealized gain and remains unimpactful until the property is sold or the equity is extracted in some way.