If they truly want a dog that voids my insurance policy, and they can't wait until the end of their lease, then I'm offering them lease breaking options recommended by many landlords here at BiggerPockets.I'm not quite sure how that aligns with your assessment of: "I made up a bunch of new criteria if they wanted a dog or offered them to pay me lots of money to break the lease."

I'm talking with the person who has a house assessed at 400,000.

For short term it is OK.Another issue with condo is that if there is some major repair coming up, they can charge special assessments to owner.

Also I did see on the auditor site that the last tax assessment was $80,000 and realtor does have it valued at $121,000.

Hello @Dustin Nygard,I am glad you are looking at the taxes before buying a property, It can be a deal breaker or a deal maker in El Paso, It all depends how the city has assessed it.

Thanks for the push.I always walk the property and neighborhood before I buy so I can assess what I am getting into.

There is a shortfall of 200K, I expect there would be special assessments / condo fee increment in near future. - Is water leakage (due to risers) in condo buildings a severe issue? 

Some counties will allow you to appeal the tax assessed value with no guarantee of an adjustment.  

Tough to say in this case you gotta know everything down to the dollar and also assess both your skill levels of executing the rehab and then deal with the sale.

What if the HOA increases the fees or has a special assessment?