If anyone could share any resources to help me analyze markets, and maybe even assess potential deals that would be very much appreciated.Thank you,Iftear

When people don't pay their assessments or fines, a lien is filed on the property for the amount due plus costs - and the lien can include accruing interest and penalties.

Depending on the area, below grade space is assessed slightly lower than above grade. 

I currently lack the ability to assess the potential of properties well and would hope learn from said partner.

If the working class goes from blue collar to white collar than this will shift the balance and the entire market goes up.On the other hand let's assess the geographic placement of Philadelphia.

Shouldn't the property tax rates be the same % of the assessed value if they are all from the same city and county?

@Fran Arti, taxes are different by county so you'll need to contact the county tax assessor office to find out when they assess your property taxes and how exactly they are calculated so you can add them into your analysis.The 10% additional in liquid funds is a reserve account.

@Jason Crowe In FL, all properties have a new Value assessment every year.

I would call a contractor to come over to assess the problem and come up with an estimate for a solution .

The biggest challenges are the importance (I cannot emphasize this enough) of the team that you are working with and short-term financial challenges (you'll end up paying more interest for a few months) as well as maybe some sweat equity or personal time that might be needed (choosing fixtures, finishings, etc although that can also be delegated to a reasonably priced interior designer).What is important is for you to have a good assessment of your priorities first and also how much are you willing to be compromising in the short run for a much higher long-term return.