If I were considering a condo unit for purchase I would look for obvious signs that an assessment from the HOA is imminent.

Someone during the course of the past few years replaced the windows.Already my assessment $$ is being recorded.

What system have you set up to automate the assessing of each lot as far as offer price to write on each of the unique purchase offers that are sent out?

@Skyler Taylor Glad to see you've expanded beyond your traditional  analytics to come up with different ways to assess property values.  

If not, you might want to factor in hiring some people for e.g. snow removal, etc.Owning a multi-unit building has been a lot of money and work from our standpoint but well worth it in the end with great cash flow and not having to pay assessments.  

I looked at the taxes paid over the last few years and they used to be a lot higher along with the assessed value.

When was the building last assessed ?

In all three companies it was very important to assess an accurate value of the homes for two reasons:We did not want to "over lend" on homes because that would have affected the profitability of the lending operation;We routinely had to borrow money to make loans with and we had to have an appraisal method that worked in order to satisfy part of the concerns that investors have when the only real collateral being offered are the homes and the lending contracts.Years ago, I signed up for and took the two day course offered in using the NADA system.

City tax assessment is $140k and I know it should appraise for around that or more.I'm hoping to cash out as much as possible but I know there may be some limitations on it since it is a rental.One thing that crossed my mind is-  Since my existing mortgage is an FHA, does this affect anything now that it is a rental, or is there anything special because it is an FHA?

Phil is spot on with his assessment.