We also don't have any HOA or possibilities of special assessments.  

i think your assessment is right, higher returns come with higher maintenance clients in our area right now.  

In this scenario, we would have very different opinions if we were asked to assess a property with a CAP rate of 8.5%.  

I would appreciate a realistic assessment in regards to cost of living, property taxes, etc.      

@Brian Ky  I have read the book  but I'm not sure if I should approach an owner about the information I need to analyze their property or wait until I have the money assessable. 

Assessments of high-priced urban land.

The seller wanted $10k and the assessed value was at $15k.

Be honest with your assessment of yourself, and maintain it through whatever path of REI you venture into.

That is true Jason you can use the income to help qualify but more importantly the income or determined market income of the 4 units assumed all be rented has to exceed the full monthly mortgage nut of the entire building in lending we call it PITIA or principal/interest/taxes/insurance/assessments.

Hello my name is Michael new to BP here to offer comprehensive services in landscaping in property management tons message or ask a question for more details if you something down for your property value just ask!!!!