Assessed value has nothing to do with market value or what you should pay.You are buying this property based off the income approach as an investment but generally single family properties use the comparable sales approach for valuation,lending,and appraisal purposes.Local recent sold comps would be a better gauge for current market value than looking at any assessment value.Now you do want to look at assessed value for property taxes.Fighting the property taxes and getting them reduced will improve your yearly bottom line.Make sure the cash flow of the property they are reporting does not include exemptions that do not apply to you or they have been putting off capital costs and maintenance to show and INFLATED NOI.

No mortgages allowed.If this bill becomes law it would seem it would have a positive impact on the real estate market, and for some of you here.Here's a link to an article:http://economictimes.indiatimes.com/news/nri/visa-and-immigration/us-homeowner-visa-invest-500000-in-property-and-stay-in-america/articleshow/10443154.cmsAny thoughts on this?

Thank You Jon and Nathan for your input.If you had a report showing the actual expenses holding true at 4k per month for the past 2 years would it change your thoughts on cashflow/cash on cash ?

If you have a relationship with a title company, they will likely run a preliminary title report for you for free.

When calculating income, do I take my credit report debt ( my PITI + car loan) / my wife and my "job" income along with adding my gross rental receipts or is it just "job" income + schedule E rental net income(line 26) + depreciation? 

I wanted to report back about my experience at this conference.1 - My session went very well.

Generally you can meet with a local MLS association to get any public data they report.

Beyond liability, you should consider the tax implications, as well as the organizational, reporting, and paperwork requirements that pertain to different tax entities.As for piercing the corporate veil, remember above all else to keep your business and personal accounts and activities 100% separate.

Also I don't know if you would be responsible for disclosing the inspection report to a new end buyer if the intial end buyer backs out because of the problem.

Dear all, we just finished all the remodeling, and my listing agent just have a termite company did a termite inspection. that is the nightmare, the termite inspector told me that we need to break up the kitchen tiles to replace couple of rotted wood which we didn't discovered.will this re-inspection report kill my deal?