You would also be able to leverage resources you have as an agent to help you invest such as mls access to show yourself houses, well vetted forms for leases etc, access to online databases of assessment info not available for free to the public.

Sounds great, but high HOA dues and special assessments concern me.

If it appears vacant that you can look in the windows (keep in mind this is technically trespassing and therefore not strictly legal) and see if you can assess any information about the condition of the interior.

My guess is their reserve is under-funded which means HOA fees could arise and/or special assessments could arise.I learned this the hard way...and not on a rental, my personal residence!

I would like to get some input on exit strategy for this property by assessing options during this turnover.

I'll get to the bottom of it when the foundation specialist do the assessment on Wednesday, but from what I'm reading, I need to install a  sump pump at the very least.I'm thinking about ripping the insulation now (I have a dumpster that will be gone on Monday), and treat the existing mold if there's any.I'm wondering if I can wait to install the sump pump until early June after we're moved in.Eventually, I want to encapsulate the crawl space to use it as storage, but that's not my top priority.If I have to re-do the whole floor in the future, can I salvage and re-use the LVP I might install now?

A change in ownership may reset the assessed value of the property to full market value, which could result in higher property taxes.

Property taxes are based on assessed valuation of the property and this is done every few years where they determine the market value of the home through comps, market increase, etc.

Does it take into account tax assessed value, purchase price, or appraised price?

Taxes increased significantly on the last re-assessment all over the north side but it has had no affect on the sales price of 2-4 units due to low inventory they are selling for 10%+ more money then when their taxes were lower a year or two ago.