Don't forget you will be charged 2% of the assessed value for non owner occupied.Also, that price sounds like it's right at full ARV or retail.  

In the long run I hope to have rental income enable me to quit my job, but since I'm new to this, am looking to assess over the next two years if this is a viable option for me.  

We went to take a look and assess the situation.

The HOA now owns the property under a trustees deed.Prior to the court steps sale/default of the property to the HOA, the HOA had long since filed a Notice of assessment (2009) and twice the lender filed a notice of default.

If I were considering a condo unit for purchase I would look for obvious signs that an assessment from the HOA is imminent.

Someone during the course of the past few years replaced the windows.Already my assessment $$ is being recorded.

What system have you set up to automate the assessing of each lot as far as offer price to write on each of the unique purchase offers that are sent out?

@Skyler Taylor Glad to see you've expanded beyond your traditional  analytics to come up with different ways to assess property values.  

If not, you might want to factor in hiring some people for e.g. snow removal, etc.Owning a multi-unit building has been a lot of money and work from our standpoint but well worth it in the end with great cash flow and not having to pay assessments.  

I looked at the taxes paid over the last few years and they used to be a lot higher along with the assessed value.