Overall there is generally a goal of getting enough of the actual value, but keeping the gap low enough to avoid excessive appeals.Also assessments will generally trail the market, so recent appreciation usually will not be reflected in assessed prices. 

----Im building a granny flat in the back of my friends duplex he owns.  

Just add/subtract it all up, and that's your net profit before taxes.In terms of the tax confusion, you likely either paid or were paid excess taxes when you purchased (pro-rated, depending on where in the tax cycle you were), and then either paid or were paid a pro-rated share when you sold. 

Woodland Hills, Sherman Oaks, Chatsworth, etc. these areas have very few flat buildable lots, and the cost of building on them will be very high.

While there is not penalty, I would suggest someone not doing this excessively as most of my bids accepted are asset review and I believe have a good relationship with the asset managers and having a reputation of following through gets me more of my lower offers acceptedRespectfully, I am not inclined to release the exact percentages that will probably be accepted.  

As long as the work performed doesn't add value -- which in essence would amount to an undeclared and perhaps excessive in-kind IRA contribution -- several self-directed IRA experts say it would fall within the spirit of the rules.Such work might include maintaining the landscape, fixing or subbing out a leaky faucet, doing shingle repair on a leaky roof or painting a few rooms between tenants.

As illogical as it sounds, the bank that was happy to offer this loan to you while you had zero experience will flatly reject your application once you have 7-8 cash flowing financed properties and a proven track record as a landlord.

I have spent in excess of 100k on courses, I am a course junkie.  

I've noticed many investors caution (or pretty much flat out say avoid PMIs on loans) but why?  

Then adding one final insult to home owners, DORA was supposed to address abusive, duplicative, and excessive CAM fees assessed home owners (pocketed mostly by CAI members) by requiring “full disclosure” of fees in licensing rules.