The LLC question is really one that ought to be ironed out with an attorney who can assess your overall asset protection needs.

Just as you have to "deal" with this the schools may hit funding shortages when tax assessments don't rise enough to cover rising costs.

It's just too many dynamics to make an assessment.

Also how do I ensure that the county I record at will not assess me taxes?

Usually, property taxes are at the very least 1% of assessed value/purchase price.

@Josh Jackson - You're always able to give it a shot, but look at it from risk assessment point of view.

The tax assessment alone is worth $320000.

I personally don't like condos as they have too much power and often are highly mismanaged, leaving owners with assessments and claims going unanswered.

The tax assessed value is 51k.

That puts you ~$110 in the red each month.Even if you squeak out a bit of cash flow, what happens if there's a special assessment by the condo association and years of cash flow gets wiped out?