These are called “seasoning requirements”.Remember, it is the appraised value, not the assessed value that you want the refinance based on. 

Assessments (additional fees imposed by the HOA) are real and happen often.

The cap rate is more frequently used in this asset class than COCR to assess how good the deal is.

To support @Ben Leybovich's assessment of the Phoenix market, this article came out today hailing Phoenix as one of the top markets for real estate investors:http://click.inman.com/t/gcH1AAfbaBZ08QBK4pBJcBNIO...

They will likely use the last year's taxes and then when you get an added assessment or a new assessment they will up your escrow requirements.

Brought In 2017 for 66k, city assessment is 94kCurrently rents for 900 (could easily rent for 1100)Mortgage 570Tax assessment number 04100400I would like to start flipping btw meaning I have found a few deals I can’t get my hands on because of little capital.

It uses a combination of data, software and a team of 50 human evaluators to assess a home’s value.

Hey @Chris Mason - So you’re say educate yourself (through practice and research) until you’re able to make quick assessments on properties?

You could get hit with an assessment for something or have the HOA fees jacked up putting you in the red with no warning and a handful could be put on the market because of that.

For tenant screening, consider using Naborly which offers free online applications/ screening reports for landlords and applicants and has a pretty comprehensive report.