I have a 4bd 3ba 2100 sq ft property under contract for 195k - the current assessment (per realtor - said done by town?

You don’t want to be hit with special assessments every year You can get a single family in high desert area like Victorville and hesperia for 220k.

@Alyssa DyerManhattan has a residential property assessment rate of 11.5% with a mil rate of about 150.

., and Zillow has:Property Value: $402,693Annual Taxes $8,658.14Estimated rents (Zillow) $2,700/monthBought it as a pre foreclosure in 1984 for $80,000, currently mortgage free.Nassau County is going through RE tax re-assessment currently, as half the properties are over taxed and half under taxed.

In my area, there's at least a minimum service fee (usually about an hour's time for any trades person) to come out and assess/fix something.  

It has to do with what some banks call your global financial assessment.

It is an excluded transfer that allows you to both have the beneficial financing through your personal name without the lender being able to recall the loan through the DOS clause while still offering you the full liability protection of the LLC.Sounds like you are pretty new to all of this, so I would really recommend sitting down with an experienced attorney who can assess you situation and give you some recommendations.

In either case, I intend to acquire two more properties in the second 12 months, then stop and consolidate management and financing, assessing whether the next move will be more small-to-mid-size rentals or a single large building.I'm pleased, so far, with my decision to target student rentals in Plymouth, but we'll see what more experience has to say.

Are there additional means to take to assess the property condition before purchasing?

I have a construction background so I am knowledgeable in assessing what repairs need to be done and approx. cost.