The property is assessed at $170k and the way property taxes are structured in Indy is you pay double (2% instead of 1%) if it’s a rental.

I'd re-assess your biz plan.

Sometimes people will phase into and out of jobs or careers and to be honest sometimes the skill sets needed from certain roles will change at the different levels you will be operating at along your journey.Remember the person you are today, and the people you are around will most likely not be the people you are around when you become your future self of who you want to become.It is always important to assess and reassess the people on your team as well as the people in your life.

It sounds like the peace of mind will make the time & cost worth it for you (in addition to higher resale value).You can hire Suite Additions (or similar businesses in Hamilton) to come and assess your property’s requirements for a duplex conversion, and then choose to do the work yourself, or have Suite Additions do it all for you.

I was thinking about trying to reach out to the owner, but after seeing the mortgage companies name on the tax assessment I am wondering if that is even an option anymore?

Your tax rate will be approximately 3% of the property’s assessed valued.

@Talen C Honeck Nope, the code violations (which can generally be negotiated way down) and the HOA past dues, not negotiable, should be the only things hard to assess.

Some times, they will force a special assessment, can be several 1000's of dollars per unit if they are short in reserves, for necessary CAPEX or repairs. 

I picked my own inspector just to make sure the assessment wouldn’t be biased, and I attended the inspection in person.

I just found out that there will be a special assessment in the near future on the condo association.