Hi @Duane Tomlinson,Nearly every condo in the area is going to have high HOA and assessment fees, so that eliminates them for nearly everything other than prospective appreciation investing.

The banks writing these loans rely on the Appraisers to assess the condition and stipulate what needed to be repaired to qualify.

It's the lowest price in the building and it's tax assessed at 170k, which isn't great for my property taxes but I feel like it bodes well otherwise.

You can't possibly know other areas you don't normally work, or understand rental law if you've never done it, or if a property has a front foot assessment you didn't know about, etc.  

In my experience, it's standard for the County to assess at the higher 6% rate for any units that you're not living in. 

There were two assessments done on the building while I owned it which were unexpected expenses along the way.

I would give the power company some time to assess the issue.  

@Gabriel Ibarra first of all the tax assessment is not an "Appraisal"  Appraisals tend to be much more accurate. 

If your offer is accepted you have the option period to renegotiate the contract if you made a mistake in your assessment of the occupied side.

So, every time I hear from someone that they know, for a fact, that their investment idea is foolproof I feel the need to explain that assessing the risk is difficult and the most-important aspect of investing.How many times does it take to understand that investors should never rely on or trust someone with your money or to think that a partnership is a sound and foolproof way to invest your hard-earned money.Very rarely, do partnerships work out.