I would look only one month ahead for to assess for occupancy. 

However, in our market the tax appraisals office usually doesn't assess the property at full market value. 

If you house was assessed for 109K in Schenectady, your city and school taxes would be right around $6,000.

I understand that it may be difficult for you to thoroughly assess the deal through a post like this but your opinion and advice would be much appreciated.

So the SEC and the IRS and a few dozen Philadelphia lawyers  (general term not actual PA attorneys) got together in a back room somewhere and Boom!

I mean, the house could be so bad that it needs to be torn down, but if the seller is selling the property for land value, you could knock down the house and build a new one for the right price.Typically, for me, it comes down to condition vs price, and the seller not accepting a lower price to account for the things found during due diligence.There of course are other specific examples, like buying a condo or townhome only to find out there is a special HOA assessment coming for $50,000 per unit, etc.

Once you know the actual rent numbers it will be easier to assess.

It currently is cashflow neutral (if you do not include the assessments we've paid).

This book is all about changing your family tree and giving like no one else.Everyday Millionaires - Chris Hogan: Tells the stories of dozens of regular people who became wealthy overtime, what they did to get there and how they live their lives.  

Even if I lost 50% of the value in my home overnight, I would still be above water because I have nearly a dozen doors, purchased through the HELOC funds, paying the "mortgage" on my home.This is just 1 strategy and your mileage may vary... but I thought I would throw it out there for your consideration.Good luck to you!