It's a good idea to know what the millage rate is for the property and adjust the taxes based on your offer since you have little control over tax assessment without lots of costly legal help.

*ALSO Don't forget Special Assessment Tax 1st year.

Jersey, so take this with the appropriate grain of salt.We determined the price that works for us through our normal price assessment process for any purchase.

The borrower assessed the cost and the risk and went forward because we had a product that would accommodate him. 

Of course, she immediately agreed with my assessment and a few months later the property sold for $165,000.

You want to assess all factors that play a part in choosing your investment strategy: risk, skill of the members (is anyone handy or know a contractor?)

get your systems in place for managing your first acquisition....be patient....assess your next move when you're ready. ;)Cheers to your success!

I calculate initial ARV by looking at Zillow and other sources but also have an agent give me their ARV assessment. 

I understand the lender will do their own property condition assessment but I don’t want to rely on that alone.

Investigate and offer a more accurate assessment of the repairs needed to bring the property to the maximum ARV as opposed to some wild guess in the dark or a repeated same rehab number for every property.4.