@Rita Bautistathanks for the tip and I hope to use that information down the road. for my first purchase I'm going to use a fha, low percentage for money down, it's targeted population is my age range and most realistic I feel for my initial dive into real estate investment.

I got into real estate at a young age and owned 2 rentals by the time I was 20yrs old.

Your age you could be 30 or 80.

You need to determine fair market value yourself by finding sales comparables of similiar properties (age, size, quality, etc) within the last 90-120 days.  

I am a young entrepreneur myself and at the age of 21, I already own my own business and have created a vast network in Texas in particular.

I plan to follow suit tomorrow as I just found some aged deals on the MLS that just happen to be near where I work, so double win, if I win.

Thank you for your time.Welcome to Bigger Pockets mate,Having an interest in RE at such a young age is awesome.Ohio is a top market also.Well done :)See you around the forum

Honestly the only way to really know it to have an engineer examine the foundation to see it there is an ongoing issue of if there it's just the norm for the age of home.

Other considerations may be energy efficiency, age, style of the home, functionality, condition, marketability and useful economic life of the entire property.

Not sure about property tax where you live , age of home (for maintenance) etc.