Have any of you encountered this type of decision point when assessing a similar deal? 

@Rax Gupta lot's and lot's of variables go into what makes a deals numbers green, yellow or red, in simplest term's they come from 2 root considerations; Risk Assessment and Operational Assessment. 

Take a step back and assess all you did before, honestly.

If you don't know how much to subtract from the purchase price for land value, usually what I typically do is use the tax assessment or some sort of appraisal (around me a lot of towns use Vision Appraisal) and I take the percentage breakout between land/building on the assessment or appraisal and apply that percentage to the purchase price.

The Cons: HOA shut down our AirBnB even though there is no mention of them in the CCR (net avg. income from AirBnB $1200/m. you can be levied with a big payment by HOA's for new roof like they did our whole complex cause they never put enough aside for cap/ex. 4500 for each unit for new roofs. ive heard of this assessment happening for pool replastering, repaving parking lot,  painting buildings. i would ask the hoa of where  you are looking to buy if there any new repairs or maintenance projects coming up that could cost you, and it would be an expence that you dont have budgeted. 

Understand your rights and remedies as a lender is key to assessing what you can/cannot do to preserve your capital.Sure, 10% and 2-3 points is attractive, but you have to consider the money's bench time into your yield. 

I need some help with value on my duplex. I am protesting my taxes with our county. Whats the best way to value a property? And any help protesting taxes!! Thanks

The home is valued under the tax assessment county site for $125k, homes selling for $225-275k and I know it needs repairs both in and out.

However he tells me that since these 3 new BR are below grade, for appraisal and tax assessment purposes this parcel will only be a 2BR / 2BA.

First, I'd recommend having a termite inspection done, which should result in a more exact assessment of the damage and previous treatments AND give you a quote for the repair and treatment.