In such cases I typically make a very conservative offer, typically 55-60% of what the properties tax assessed value is.

If you want to use a new appraisal, you may have to wait six months to a year.Rental income won't be included until you have two years landlording experience.You'll need to post in the Marketplace if you're actually looking for a lender.Be sure youre assessment of the income includes a realistic allowance for expenses.

Pay attention to price increases on water and sewer rates and special assessments which can kill your future years cash flow model.You price is about 31,450 a door for 650 in rent which is decent.

You should interview agents, pick three, and have them give you an assessment.

My wife and I built our home a little over 2 years ago, appraised at 265k during construction for loan purposes, assessed this year at 284k.

So they will lose the deposit AND I am planning, although I realize I will probably never see it, to assess fees for maintenance, carpet, cleaning to the 3 large credit companies, so that future landlords or credit agencies will see the outstanding charges, then I will turn over these expenses to a contingency collection service.

Usually too high, but I know people who are paying 1/10th of what they should.A couple days ago the city announced they'll be doing the first citywide assessment in decades.Detroit to reassess all property valuesThey've previously maintained the fiction that they're doing rolling assessments but they just haven't had the staff do make more than a token effort, and they benefit by leaving assessments too high of course.You can challenge the assessment, first with the city and then with the state if necessary.

Assuming the water hookup is already available at the street and there is no special fee/assessment for that, you're probably looking at between $1500-3000 for the lateral from the street to the house.I know in Atlanta, it's about $900-1000.

Or perhaps just have a plumber come in to assess the issue from your side so you will at least have a paper trail.

on the assessment and tax portion of the comp for 2012 the market value improved is 65,000.