Hey Eric welcome aboard from me as well...dude,,, you should try wholesaling houses first before you get into buying and fixing..it will give you so much of a better view when it comes to learning property values and how cheap you really can get a property..Plus you will learn how to negotiate with motivated sellers and learn how to assess different repairs...low risk way to get involved in the real estate gameits what I do :)

I invested $100K in my first flip, and spent pretty much every day on the job managing contractors and figuring out how to schedule, how to assess issues, how to assess costs, etc.I can't imagine doing a first flip without being at the property almost full-time...at least not if you want to eventually do a lot of flips.It's now 16 months later, and I'm on my 16th flip.

I agree with Bill's assessment of what it sounds like they are offering.

Maybe the best thing to do is to simply blog about topics that investors should be aware of.....since it seems so far that if you are not offering a way to make money, they don't want to read it.....I know that may not be a fair assessment, but it seems to be of the majority.

That means you could get hit with a special assessment that turns a good deal into a bad one.

Market value and assessed market value for tax purposes are two different things, they may be close, then again, they may not.

I don't want to waste 3 hours of my time going to see the property, etc... if i can very quickly assess if this deal is at all possible with some questions.

The property is free and clear but seller owes about $5000 in HOA and assessment fees.

- The county assessor has assessed the property and buildings at $140,900.

Next, look to the narrative assessment by the apprasier, did they make any comments concerning the evaluation.