Hey yall,As a brand new real estate investor, I'm in the process of assessing my options when it comes to financing, contractors, insurance agents, etc. in the DFW (Dallas Fort Worth) area in Texas.

You also need to understand what the rules are on special assessments, and what is included in the HOAs to start. 

Hi Joe,At a minimum, see how much loan you can qualify for (and what the out of pocket cost will be for the loan), and then assess how much of that loan you would likely have (pay out every month) and how much the Hack portion will likely  pay (adjusted for vacancies, evictions, marketing, repairs & maintenance, CAP EX, etc...

It's hard to give you a more detailed assessment without more information (is your mortgage over 30 years btw?)

ARV assessed at 105k by wholesaler and I independently pulled comps that supported that ARV.

Of course when I do sell, I'd love to have it listed at the correct square footage, but would there be any type of back taxes owed since the assessed value has been off the 800sq foot number?

Check your most recent assessment.

I've seen bad assessments and management destroy peoples lives in retirement because they have no control and can't absorb the impact of bad HOA management.So I guess my vote would be to sell and look for higher NOI, passivity, and protection against any kind of market correction. 

Is price per square foot an accurate assessment that a property is a good deal?

I’m not too sure as to where to start with assessing costs yet.