Here you go: Assessed Value Definition:Assessed value is the value of a property as of a certain date (usually January 1st) according to the tax rolls of your local government jurisdiction (county or city).

If it's a common area drain pipe (that services more than one unit), check your governing docs as the HOA may be forced to pay for repairs in your unit.Often, the unit owner is responsible for the line servicing just their unit until it hits the main stack, which is where the association picks up responsibility.  

It would take a huge amount of subsidies to keep a lot of these neighborhoods afloat as-is (there are numerous government programs to entice contractors to build/rehab in specific run-down areas of various cities with money to help build/sell/etc.) 

Also remember, the GOVERNMENT is most interested in getting Single Family homes into the hands of owner-occupied. 

The law fails to explicitly require any PM to follow State HOA laws and the governing documents of the HOA managed.

I found this:§ 5307.01Tenants in common, survivorship tenants, and coparceners, of any estate in lands, tenements, or hereditaments within the state, may be compelled to make or suffer partition thereof as provided in sections 5307.01 to 5307.25 of the Revised Code.The content of the petition is governed by statute:§ 5307.03.A person entitled to partition of an estate may file his petition therefor in the court of common pleas, setting forth the nature of his title, a pertinent description of the lands, tenements, or hereditaments of which partition is demanded, and naming each tenant in common, coparcener, or other person interested therein, as defendant.The Court orders partition:§ 5307.04.If the court of common pleas finds that the plaintiff in an action for partition has a legal right to any part of the estate, it shall order partition of the estate in favor of the plaintiff or all interested parties, appoint one suitable disinterested person to be the commissioner to make the partition, and issue a writ of partition.

In these times of deficit government spending, self directed IRAs are an increasing target because the penalties are so harsh and the subsequent tax windfall is so high for the government.Be careful, my friend.  

If you like constructing a piece of a puzzle and how the government works and functions then listing and selling commercial land for development might work.Rather you want to be an investor, agent, broker whatever it is NOT easy money.

offer would reflect any remediation costs.I found a government website here that listed know meth houses.

The government is cleaning up areas by replacing the top 18" of topsoil, though I still wouldn't live there.