There are an increasing number of condo developments where higher assessments are imposed subsequently...

Lots of variables in your assessments.

I've got assessed total of the property @ 62.9k I've still got to do some research and find out the specifics of his lease agreement as in how much is left on it etc.

- If you haven't seen the property yet, what are you basing your assessment of the property on?

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Since my property does fall well within the 50% rule, I probably will not have a loss...although the assessed value is pretty high, my cash flow will be pretty high as well.

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Will he be able to assess the ARV?

$3,000 / month in rental income (6 x $500)less 50% for expenses = $1,500 / month$180,000 purchase price$ 25,000 renostotal investment of $205,000205,000 @ 7% & 30 years = $1350 / month+$150 / month* worst house on a good street (properties on both sides assessed at over $300k)* could tighten management of property to reduce expenses to less than 50%Thoughts?

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