I am needing to record a deed and assess the property in our name.

They execute lease agreements, collect rents, hold your tenants to the leases they signed, assesses late fees as necessary, and keeps your cash flowing.  

Only once that has been assessed is it worth anyone’s time to even look at the numbers on the deal.

That is a risk/reward question that you will have to assess. 

In TX I think 2.7% of assessed value for property taxes, $800 for insurance 10% of rents for repairs/ maintenance, and 10% for prop management. 

@Kevin Paglia, as @Phillip Dwyer mentions, with any townhomes or condos, you typically have no control over the HOA and any special assessments. 

I hope someone else has better information or help but unfortunately I agree with your assessment.

Take an assessment of how much $ you have ready to deploy and see if it will get you what you want.

Hello All,I was listening to a podcast this morning and they brought on a property manager who said that many newbies do not take into account that the assessed value of a house resets once it is purchased and therefore the property tax will be different.

Are there resources to accurately assess the vacancy rate of a city?