Assessment has nothing to do with what you paid anyway.You father can sell the house for a dollar in that sense does not mean they will look at that number to decide the value of it.

Adam I bet dollars to donuts this is not CA property sounds like D class rust belt or mid west.Chicago etc.

How cool would it be with a little bit of searching and probing if you could buy Microsoft or Chase at 80 cents on the dollar? 

It's typically both.I bet dollars to donuts your tenants are paying less than the rentals are worth and they are trashing them.

The property negative cash flows 400 dollars a month (not counting unexpected repairs), but I gain about $15K in equity each year paying down the mortgage. 

I found this deal through "driving for dollars" in a neighborhood near the planned casino development.

Thank you.The general rule I go by, after flipping a ton of houses, is that I regret selling them now.If you buy them right (we’re an exception, as we buy at 7 to 15 cents on the dollar) and rehab them properly, you’ll get a ridiculous profit by keeping them, using strategies like the BRRRR method.Honestly, it doesn’t make much sense to sell them right away if you bought them right.

Thinking about doing the same (for my solo 401K) and considering Rocket dollar, equity trust, broad financial, etc.

Find ways to get the money and dollar cost average real estate over the years no matter what the doomers and crash bros tell you.

I have no plans to invest in here.In Midways I'm investing mainly in OH but I'm thinking of other cities/states around Lake Erie.How about you?