Talk to the water department and learn how old the water and sewer system infrastructure is at the street and are they going to be having a special assessment to cover delayed repairs and improvements to a failing system in the near future??

I Just worked with a guy just getting into real estate.The house was assessed @ $84K comps are $78-$85 in the street.Estate sale on the mkt for $69,900It's 4 brm 2bath has a new hw tank, fce, pex plumbing, windows siding etc but needs updating & a roof.

Even though I would rather work by myself I don't mind a buyers agent if it gets me in the house to assess the property.

Does that mean the HOA is now doing a special assessment upon him and I?

I agree with above assessment that to try it before you give up on outside management unless your over leveraged and cant afford it.

At least I can look at this as a lesson learned.When trying to figure an offer for a rental, should the property tax assessment appraisal be studied as much as comps?

noit's assessed around $400,000 so I would guess that the taxes are close.I have several nurses thinking about an adult day care facility but the taxes & current zoning are deal killers.

House and property are in major major disrepair and will have to be torn downThe current tax assessment value is $344,500.

The taxes are a bit high at $6500 but think with purchase price lower than last assessed those could come down a bit.

The assessed values of $200K are stale as they are assessed each two years and there has been a substantial gain in value. since.