If I had the cash and financing I would be buying in nicer neighborhoods at 2% all day long.Regarding taxes, yes they are outrageous - not just the rate but the assessments.

I've been told that duplexes more slower then SFH in this area, but the assessed value of this duplex is $210k, so at $165k I think it is priced to move, so I should be able to turn around and sell it around what I payed for it without a huge issue.I will note that I am moving to this area and living in one side for a while and will be working full time in a very good field ($100k/year+).

It's about what we were expecting, but we're hopeful that if we're patient and prepared, we'll be able to make it happen (we both have family in Real Estate so we knew the market was getting hot down here).We'll definitely begin assessing properties this week.

That's all.Please feel free to check out my post "Deal Breakers" and maybe we can compile a comprehensive list.

As a self declared newbie in real estate you do not yet benefit from a similar 'feel' and all the more so have to be conservative in your assessments.

It is about properly assessing risk and reward. 

The town assessors office assesses the house at $510K. 

I'm hoping to get some advice on a matter I'm having with the board of my condo complex.Briefly, they negotiated a $4.2M renovation loan whereby the collateral is the monthly assessments collected from the owners to pay back the loan.

And have a comprehensive lease.

Additional Info I received from sellercurrent tax assessment $54,900 Annual Taxes 1344.82 Operating statement attached.