From the photos, it does not appear to be a total subterranean dungeon, as there are windows with sunlight shining through them in several of the photos of the unit.I crunched the numbers and it looks like it could be very profitable, but I am having trouble assessing how much of a detriment it is that the unit is located in the basement.

Brian HoytDid some very brief looking in the area and found these propertieshttp://www.realtor.com/realestateandhomes-detail/4309-Vinson-St_Fort-Worth_TX_76103_M77694-82961http://www.rentometer.com/results/es_IVh0zhttp://www.realtor.com/realestateandhomes-detail/805-Blandin-St_Fort-Worth_TX_76111_M76104-74075http://www.rentometer.com/results/HpWxNIhEhttp://www.realtor.com/realestateandhomes-detail/329-Blandin-St_Fort-Worth_TX_76111_M76440-12201^^ Duplex unit 1 has 2 living rooms, convert to 3bd and profit.http://www.rentometer.com/results/vsBfMvsRI don't know your good and bad areas but from a quick 30 second assessment these properties all get 200+ per unit with you doing PM duties.

The property was assessed at 105K this year.

I'm thinking half of the tax assessment price for the land as an initial offer.

(Assess your knowledge)- What excites me about real estate?

Consider the possibility that roth funds are a better form of investment or a business that you roll your solo 401k into.You will have to file estimated payments although you should be fine this year since you did not have a prior year to assess a penalty based upon increases.

I would call around to see if I can get a plumber to assess and fix the situation sooner than 7-10 days..it may cost a little more with the holidays but it may be worth the $$ rather than a headache from the tenant .

The association threatened me in the email that if they get fined, it will goes to my assessment.

Jake Kucheck I sit on a couple different Board of Directors (BoD) and in Illinois, we put liens on condo units for non payment of assessments.

While reading J Scott's assessment, which I agree, I thought it might be interesting to know more about the study and others.