Dear BP members,I was wondering, what factors could possibly affect a property's value?

I think an important factor is if the tenants informed you that they had abandoned the apartment? 

I don't believe there is a correct answer to your question because it depends on a lot of factors, one of which is where you are in life and what your goals are. 

Taxes havent been paid since homeowner died so thats also a factor.

Which I don't want to do because then I lose all the flexibility I love about the HELOC to begin with.On the subject of the large minimum monthly payment, it screwed up my debt-to-income ratio and that was one of the factors that blocked me from getting the refi I'd had planned. 

We generally host families or alumni friend groups for events related to sporting or the University.

@Davere Currie you can't judge an investments risk factor based on the quoted returns.

Of course, always factor in reserves.  

Keep it forever and buy a new one at the next duty station. 

This is Not a “figure it out as you go” project......many times the short sale is doomed when the purchase contract is signed, not considering all the proper factors that a first timer would never have heard of.