Is that a correct assessment?

I’ve been doing “paper trading” to hone in my skills on assessing notes as well as getting comfortable with a financial calculator. 

The price of houses in May & June of this year is mostly irrelevant. after 30 years of studying economics as well as professional risk assessment work, I can say with a high level if confidence that we haven't seen even the tip of the impacts yet.

Here are the vitals:600k purchase with 20% downLow maintenance and tax abated for another 15 years (which made it look as a good investment)Rented out, Cash flow of $82/moBUTThe board has imposed a $400 special assessment for one year, then extended for another year, and now want to extend that fir another year (they want to build reserve funds as maintenance too low).

Have a script & assess your conversations on a daily basis; learn from the conversations. 

One thing I would strongly recommend is that you do a complete assessment of the long term needs your property will have and set aside the money for those things. 

Initially, we relied on RE agent's neighborhood comp assessment for our ARV.

There seems to be many syndication opportunities on the crowdfunding sites, but I'm finding it difficult to assess the projections. 

The amount on the county auditor's website is almost certainly an assessment and not a professional appraisal. 

So, take the assessed values of the improvement and land portions of the property to determine a ratio, and multiple it against your purchase price (assuming you are buying a turnkey).That's the real short of it.