Are there any certain websites or anything that help you find this assessment on a neighborhood?

Through this special assessment, I would have to front about $7,800 dollars.

Knowing that will allow you to review the subject property to assess its condition in the market and what updates are appropriate for re-sale.Before you even start down that road, perhaps you ought to do a trial run or two, or at least perhaps consider finding a mentor to shadow.

@Matthew Aubert Hoa are thieves my beach front condo aka / Airbnb my first deal has a 723 hoa and now added an assessment for 237 luckily Airbnb covers all this and can still cash flow however, still kills the cashflow.

Lenders often use the BPO in combination with an AVM in assessing property values for the purpose of different lending products.

Half the time we end up adjusting an advertised CAP rate once we go in and do our own assessment of how much capital is really required to stabilize a property.  

This amount could be greater then your actual depreciation expense, but since your question only addressed the tax savings due to depreciation alone, your assessment of the tax outcome was correct in your original post.

I'm currently moving through Udemy's online course in real estate, going through the BP reading list, and practicing building rental assessment models.

The price point is 700k with a borough assessment of 526k.

@Rosemary Rendon Many other questions to ask such as any special assessments with the management?