I have setup in our budget a "minimum" and "everything" column and we will assess the best option as we go along.

I do everything else we need done, and it goes into underwriting and to risk assessment.

Seller shall pay all delinquent taxes and assessments that may hereafter become due on property at closing.It becomes part of the closing instructions so there's no need for another document or a check.

I had my home and 2 rehab/rentals when a special assessment came my way.

I am located in Florida & I have had so many issues with HOA attorney fees on past due assessments on properties that we purchase at Foreclosure Auction Sales.

I'm not really worried about the risk assessment unless it relates to the taxation aspects.

We have houses like that in Atlanta where you can buy real cheap but the taxes are over 3k a year that are selling for 8k based on inflated assessments of 150k 3 to 4 years ago.

My contractor went there, after giving her notice, to assess the damage.

[I do recognize that we're normally buying properties at way under assessed value, and there may be a lag on tax relief as we pursue the appeal of the assessed value.]Secondly, they *should* subtract the P&I from the net operating income derived above, and your net positive cash flow should then flow to the income (denominator) of the ratio.

It is assessed at 92K and was first list at 79K about 2 months ago.