But, they frequently have shortfalls in budget and when they have a big project, they will have "special assessment". 

They have a number of disadvantages for investors: HOA fees, special assessments, less-than-competent boards.

The listing agent says the resort just paid an assessment and the unit was just remodeled, and the owner wants to recoup those costs.

They do an assessment of the property and weigh it against comparable units in the community...then set the rental rate...you can have this base rate increased significantly if you want to include utilities in the rent....but then your tenants will likely be washing all their friends cars for free in the back yard, leaving you with a $2k water bill...You are bound by the terms of the lease for the duration of the lease.

So, Just 2 basic questions for anyone that is familiar with the Baltimore city Property Tax assessment appeals.  

Right now, a decently desirable one-bedroom condo downtown is $2,095++ per month on an assessed property value of 800k and a $4,500 rent for a 2bd 1.8M property.

I met someone recently (older gent) that owns over 100 lots at 7,000 Sq. ft / 0.160698 acres in Montgomery County Texas, and when looking I seen that all of the lots he has are showing the C1-All Vac Res Lts&Vac Res Tr<5 Ac as the "State Code" and the Total Assessed/Taxable Value is $250 ?!!

I’m trying to get an older fire damaged property under contract, but honestly I’m not sure how to assess it.

And since I have a lot of units in one building and don't want to worry about the HOA mismanaging it and HOAs going up, assessments, etc.

Matthew,Assessment meeting in October increases take effect in Feburary, generally.