In most markets, there is a cap on tax rise when you own the property, but once it sells, it goes uncapped and you will owe the full tax on the current assessed value.

Can't even find a way to get in to assess the damage properly myself though.

Analyze properties using tools like BiggerPockets Rental Property Calculator to assess if a property will cash flow.

The marketplace is always evolving, so may eventually see more listings where sellers only set their listing agent commission for marketing the property and negotiating on their behalf, and not offer any buyer agency fee up front, and just settle on that in the Offer the buyer agent brings them.

And the 30% ratio does not work well in extremely low income area, you need to assess closer to 20 or 25% of income. 

#3: I believe he has it on FB Marketplace, we have had one open house (with no one stopping by).

Facebook marketplace may be a bit more work butdefinitely worth exploring and looking up reviews for different brands peopleare selling.

Qualifying the BuyerCreditworthiness: Just like a bank, you should assess the buyer's creditworthiness.

- How do you assess the market and identify red flags?

Goal: To establish trust, recognition, and familiarity in the marketplace.