They will conduct testing to determine if the growth is in fact mold and will be honest in their assessment if the tenants' negligence was the cause of the issue.

I buy notes with a comprehensive understanding of the borrower and their ability to pay on an ongoing basis.I conduct a 3 round due diligence process with round 1 focused on the property, the 2nd round focused on the borrower, and the 3rd round focused on a projected cash on cash return.

You also mentioned some prohibitive fees that are assessed in Tahoe.

If you go through the trouble of assessing an area for potential, keeping up with area developments, making decisions on properties based on present and future value, a good rental property is worth a hell of a lot of money for a lot of reasons to a reasonably smart local operator with a smart, well-run portfolio backing up his other, more speculative moves.

.), and how healthy is the HOA financially, ie: are they adequately funding reserves for capital improvements (roofs, paving, etc.) and are there any current special assessments?

All we can do is try to assess them the best we can.

This website is fairly comprehensive regarding multifamily loan options:https://www.multifamily.loans/

We will assess our learning, any areas of improvements as well as celebrate the things that we did well in order to be prepared for the next purchase.This first deal will not make us wealthy, but it was very important to us to take the first step.

Any recommendations on how best to appeal tax assessment on a multifamily property in the state of MO.  

If say the average for duplex's and triplex's in similar age, location, etc are 35k/unit then that could be a very rough estimation of the 4plex you are looking at.Finally, for my location, I would look at the tax assessment and make sure I'm not paying way over that amount.