./ owner name, etc. and get the tax info and assessed value - that's not the problem at all.

But after I assess thier situation and they don't want to sell I do keep in touch either once every 3 to 6 months or yearly with a postcard just saying if things change call me. 

I previously had no construction experience, but have learned a lot, which has really come in handy for assessing potential deals.As far as real estate investing experience goes, I bought a condo in Reno, NV in 2010 cash (I could not obtain credit) which has cash-flowed and appreciated nicely.

Merely land investment for future appreciation in direct path of progress. 

I had Usaa on my primary and called progressive and they dropped it in HALF (for the same replacement cost and coverage).

Hoping you'll share the progress with us.

So I've read a lot about how condos are not good for investment rental properties because of their HOA fees and the special assessments that may sometimes come up.

I keep them informed with what we are doing, how progress is going, etc. so that they know 3-12 months ahead of time when I will be knocking on their door to talk about a refinance.Here is an example of a deal I am working on now.  

We also had a bunch of assessments which really hammered the cap rates.

How is building cost (for depreciation) assessed?