I'm curious to know if anyone has disputed the assessed value of a property such as this; and, what the outcome was.

Will B. what was the outcome on this?

Somewhere, someone has information that will lead to the front door of my new family day carehome located in an HOA neighborhood...wishful thinking, perhaps...but I choose to remain ever hopeful in acehieving this outcome!

Of course that is said without knowing a single thing about that investor except that they bought a house from some other company or paid a price for a house that they would not have paid.Not everyone has the same needs for investing in real estate or desired outcome and certainly not every investor has the same time/energy to put into real estate investing.

There may be much cheaper, quicker ways & sources to acheive your desired outcome.

It was just an idea and I am contantly assesing outcomes after the ideas.

Unfortunately, things are not always black or white — different folks may have different experiences which can yield different outcomes.

or you were absolutely certain the property will sell for less than your un-depreciated capital costs {not typically the outcome we desire when selling}.The reason for this is that the CCA (read: depreciation) will be recaptured at the time you sell the property {the delta between the depreciated value and the un-depreciated capital costs or the sales price (whichever is lower)} and added to your income for that year.If you hold the property in a corporation, the corporation would typically claim the CCA since passive income in a corporation is taxed at the highest marginal corporate tax rate; meaning the tax rate at the time of sale will be the same, so you may as well pay those taxes using tommorrow's dollars than today's.

The two youngest are still in grade school so we will see where education is when they reach this age.The main thing we've done is drum into our kids heads that graduating with the least amount of debt is the most desirable outcome and for the most part they are all doing well in that area.

However, what I haven't expected is no return phone calls and responses from their websites.What I'm getting at is don't predetermine the outcome of those contacts and potential sellers, even if they are underwater.