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.

Hi John.I would say based on your assessment that damage to the structural wood members is pretty high.You could go for a more in-depth inspection, or just consider that if the lower walls were wet then yes, the drywall and even some amount of the wood structural members would need to go.Structural IntegrityThe only way the structural wood would NOT need to be pulled out would be if the drywall was removed shortly after the moisture affected it and it was properly dried.

I agree with your assessment on tile throughout, I think its very unattractive and screams rental.

It also requires one to assess their realistic present status - including skills and financial.

A quick and easy formula to use that will keep you safe in this price range would be to identify the real ARV (after repair value) which has nothing to do with county assessed records, but sold comps in the area that were like kind and in move in great condition.

I'm going to purchase a investment property for 40k the tax assessment value is 130k.

Local friends that are pretty good at assessing house value have said it would be possible.

I don't know if they have 50 million dollars in reserved funds to deal with a cat 5 hurricane or if they actually have no money in the bank and there is a huge assessment coming.

I've looked up the records on the tax assessment website.