You don't want to be surprised with a special assessment because the roof needs to be replaced and they have no reserves.

Is that the tax assessment?

-I've been reading a lot on here about how to handle security deposits when it comes time to assess damage and determine what is normal wear and tear and what is "damage" that can be charged against the security deposit.

Not much, for independent appraisers, depends on who you can work with and the market.While we usually think of appraisers doing value assessments for RE sales, there are other reasons property is valued.Trust administrators, may need annual reports of value.

Also, are there any assessments on the horizon?

I need to know who much is reasonable, is it a common assessment, can we do it; even if is not listed in the CC&R's and can you implement such an action by stipulating that it will be added to the CC&R's.

Also, I see that you have HOA fees so you have to be prepared for special assessments which will add to your costs.Good to see you take action.

Value is based on tax assessed value and verified by independently certified valuation; or full appraisal; member pays cost for appraisal.

There's a 7 unit multi-family in my area for sale I would like a 2nd opinion on.It just expired from the market @ $185k, it was on the market for 456 days it's assessed at $145k.

when the deal is met after approaching a distressed property/owner or assessing the lead is it necessary to put money down to get the property under contract?