I give people a contract, an honest assessment of what I do, and a lot of consultation before a check ever comes in my mail.

I don't hold out hope because the auction is Tuesday and so far for 3 days we've gotten the run around.They said the appraiser went out the the property and assessed for $400,000.

Hey Jason like I have told so many other people you should look into wholesaling first...not to knock what you are doing but when you are first starting out fix and flip can be a little overwhelmingWholesaling will teach you TRUE values of properties plus you will learn to assess repairs and you will also make some quick cash...all good things !!

The assessed value of the home in 2009 was 287K.

It will be assessed at the transfer to you then again at the transfer from you to your tenant buyer.

Condos & townhomes bring a whole host of potential issues ... special assessments, unfriendly landlord HOAs, lower appreciation, tougher lending requirements, inventory glut, etc.

Last special assessment?

Your sales and marketing background probably has those aspects covered, and assessing potential tenants ability to be successful in your building in order to pay the rents or purchase price.

I didn't look up the price he paid but it was assessed at $130K and I'm guessing he paid considerably less than $100K for the property, and made a decent profit after development and constuction costs.He sold all four units within two weeks, thereby reinforcing my belief that there is a market for units like these.

There is a homestead exemption that's nice and some relief from sales tax recently installed for homeowners.Worst impact has been the point of sale assessment -- killing alot of deals, especially investment/commercial transactions.