I'll keep an eye out for you- I'm pretty tapped out financially with two rehabs in progress, but still have feelers out, and do a bit of searching just to stay in the game.

I would add that the tax rate is usually between 2.7-2.8% of the assessed value so be sure to use that in your calculations.  

Not sure what the rental market is like.Problem my relative always complained about was the crazy condo board special assessments they hit people with.Any realtors/ property managers out there for some help?

When a property is sold at the Judicial sale is the the transfer tax based on the current assessment or the winning bid amount?

In other words we inflate the structure price and minimize the land value over standard assessment.

If you feel it is still a good deal with cash flow of $500/month go for it but be ware managing a PM will be a work in progress, they often require a lot of work to get the right one trained.

Multi in many markets is very frothy.no different here in PDX.however when you go to other markets with higher returns your risking the tenant base.. so be careful there if you think that's your next progression.

By documenting to your contractor in clear, sharp detail your desires, they will be able to make field decisions on the fly without disrupting progress.

and knows property management. send me address and we will assess the situation.

Rebecca Martin Maybe you can just ask for the amount of reserves the association has at the moment as well as a list of any special assessments from the past 24 months.