Others are run better and have saved up for the major repairs and therefore you don't have the special assessments.

either way IRS lien to me as a cash purchaser is no impediment and I like them because it excludes those that need financing and title insurance when they buy I agree, I purchase title challenged properties because most people don't have the knowledge to assess what's a real problem and what's not.   

-I valued the top floor at $1500/month, plus a $200/month share of utilities and the basement at $800/month which is what I pay in rent currently.Things I like about the place:-fits my needs-fits my price range-on one acre of land within city limits (good appreciation, potentially sub dividable)-property assessment appreciated 18% from last year-structurally in good shapeThings I don't like-old furnace-1000 squ. ft. 3 bd 1 bth top floor feels a little cramped, small bedrooms, low on closets, no ensuite-basement, while livable, needs large reno to optimize (weird layout, utilization of space)Questions, comments appreciated.  

It states the seller will "pay delinquent property taxes and any delinquent HOA assessments in accordance with the applicable Purchase Sale Agreement." 

Yes, you should know how to assess deals, repairs, comps, etc.

Just curious but did you use a contractor or agent help you assess the rehab needs or have you been doing it by yourself?

Hands down, without question, without a doubt, the #1 thing to concentrate on is creating the absolute best, most informative, most comprehensive content for the end user.

Pete beach, I can get you a list of ones in your purchase area that allow short term rentals then I would recommend to request financials from all the condo associations to ensure no large assessment is coming and all maintenance is up to date with a healthy reserves account.

We just had our February meetup last night and had the Councillor for District 13 talking about AirBnb, vacancy rate, zoning, hidden density, tax assessment cap, job creation, affordable housing, etc, etc. 

Thank you for that assessment!