So in your example, how did you get the timeshares assessed so high when the market value apparently was $10 a piece?

Total assessment for 2012 is 267k.

If one wants to move out then you would assess at that time if the remaining two can qualify as to whether you will accept that change.

I think it's more important to assess your goals and come up with investment guidelines that fit into those goals.

After assessing many of the property management companies in the area I wouldn't be surprised if its turn over due to people not being able to manage the property effeciently.

This is something that seems to me to be very popular here in Iowa due to commercial property being taxed at the full assessed amount.

We are going to spend a few hours driving around and looking at the properties and asking her questions about them.Do you have any advice about what questions to ask her about the houses specifically, and what to look for and how to go about assessing a house when we are walking around it, in it, driving to and from it?

The actuals have always been at the bottom end for us, but all takes is one property that needs a Phase II Environmental Site Assessment to put you at the other end.

That said, under-funded and special assessment-prone HOA's often mean that condo's and townhomes won't sell FHA, VA or even conventional so only a cash-offer will get the deal done.

Make sure you do a "self-assessment" first and think about what you bring to the table and how you can help your mentor with his/her business.