I had one that looks the same, once we opened it, there was a water leak that has been there for years, no foundation settlement, I assessed it to be a sink hole type and lateral movement of soil.

So if I purchase a Property for $60,000 ( a foreclosed and or distressed property ),and I assess the Rehab work to cost $15,000 ( includes labor and materials )The ARV in my area on a house like this would likely come in at $110,000So ARV of $110,000 x 75% LTV = $82,000$82,000 - $75,000 ( are All In costs on the property ... purchase price + the money for the rehab work )  =  $ 7,000If I wanted to do a Cash-Out refi. as Soon as the Rehab work was completed .....

Using the calculator here on BP I estimate 13 to 15 % ROI as a rental.Market value and tax assessed value are very near my offer point but with some TLC I think I can refi to a fixed loan in a few months to pay off a hard money loan.

They are cheaper to purchase and the rent like crazy.PS - you want the properties that are managed well, the ones who aren't hitting owners with assessments for big repairs.

I bought a house in W.Sacramento for a flip, and when trying to sell it few month later a sewer assessment in amount of $11,000 came up.

(Estimate $360-370K remaining)Land alone assessed at $350KHome is a complete remodel even though a couple rooms have been redone in last 10 yearsThere are comps within a mile that sold for low 600s with less than 1 acre. 

@Kevin Chhum i would strongly suggest staying away from Condos as they tend to have condo association fees and special assessments associated with your condo.

Most property assessment records are online, except very small jurisdictions that may have budget restraints to contend with.

Ok, from my understanding it is necessary to use the tax assessed value to help make an offer to the buyer.

She said to make her an offer.I've been able to put some initial numbers together and here's what I have......I believe she's hoping to sell each property for around the assessed value for county tax purposes.