. $775/31=$25/day.Again, the check is going to be put in the mailbox this morning, I would expect to see it in a few days.This was the response:In reference to your previous email, we have found your assessment to be unsatisfactory because of the following reasons:1.

Here are just a few reasons:A poorly run condo association may charge special assessments to make unplanned repairsYou may not be able to sell if the condo HOA gets in a lawsuitAs a landlord, what do you do if the neighbor, who owns his units, is a hoarder and attracts rodents?

I will base them on your purchase price of $300k, not the assessed value.

I am thinking of ways to start getting comfortable analyzing deals and assessing ARV. 

I have a few chimney repair people coming in the next 2 weeks to assess the damages and help determine the cause but was hoping for some initial opinions as it's taking a few days before anyone can come out.

I also found out that the back taxes were inflated by about $1,750 due to an environmental assessment that had been added but never completed.

Reserves are more of a personal assessment of the level of risk you can afford to take.

1) Is a property reassessed on every sale to a new market value or does it maintain the previous assessed value? 

@O'Neil MbakweYou are confusing the tax 'Assessment" with the word "Appraisal".

So you are really assessing the risks of the sponsor up front, and project as it comes through.