-Expenses (per month): Insurance: $76, HOA: $194, Taxes: $66, Mortgage: $449, Property Management (@10%): $120, Maintenance (1% of 117k/12): $98 (not sure if this might be too high for a condo, but I might take it as a reserve anyway in case of a special assessment).

Property tax is a bit high and was recently assessed downward by the county at my request and after providing some documentation.

Give me an address and I can, within five seconds (literally), have a hypothetical ROI figured that includes the property's assessment, collation of neighboring sales, mortgage payment with current rates, taxes due, etc.  2.  

Inferior liens get wiped out superior liens do not with the exception of condo association liens and assessments (You need to pay all of the back owed condo fees)Superior liens are generally liens recorded before the mortgage that is foreclosing was recorded and also property taxes are superior to everything and you must pay them. 

For a more comprehensive answer, you should immediately contact a local attorney licensed to practice in your state.

If she isn't loaded with insurance and is wealthy, she won't have the funds to stay very long in an assisted living or nursing home and will look to Medicare to kick in to pay the tab.I won't go into the assessment of assets for the determination of benefits, but her home that she owns and occupies as her residence is excluded.

Okay, perhaps not impossible but I get the feeling that NYC is one of the harder REI markets to invest in for beginners.I wish Joshua and Brandon would invite an experienced NYC BP member willing to share their assessment of this market and the surrounding areas and unique strategies that would work for this local market.  

The current tax appraisal is around $240K, but I have to do a little more due diligence around how lenders in NJ assess appraisals for an equity loan/LOC.

Assess the same way.  

As an investor doing my own assessment of value, how would I you recommend acquiring the most up to date cap rates and GRMs to punch into a spreadsheet?