The condo I lived in, they don't charge enough for condo fees, have to impose special assessments just to pay utility bills, when it went several months behind and faced shutoff of gas for central heating and electric for common area lighting.

My realtor who also owns property in the zipcode has a very basic 2-1 (rental finish) that constantly rents for 1200 so I feel confident in that assessment.

It’s funny how property tax can increase based on assessed value but rents can’t increase based on free markets... smh

@Lucia Rushton For some reason the cottage is listed as a "shed" with the county (per the Zillow description), the tax assessment just has the entire property (home and cottage) listed as a single residential unit at the moment. 

., assessed value is usually roughly 50-80% of last appraised value.

Its run by the Board or bylaws and I have run into some major bank/refi issues on top of assessments and maintenance increases. 

Also remember when you are looking at places with an HOA/condo association, to look over their records for repairs and any special assessments along with the size of their reserves.

Does the home need to be assessed as a Duplex to be able to claim the other units rent as income?

The property has major damage, including a failing roof, which I intend on repairing, but it was sold as a house with a bedroom, but the tax assessment only shows the value of the land.

I am targeting houses ranging from 50k - 250k in assessed value.