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.

Don't forget to budget for repairs/maintenance, unit turnover costs (about 40% of your units may turn annually), legal and accounting fees, a higher real estate tax bill if you're paying higher than the assessed value, and landscaping.

Even if your payments escrow for taxes and insurance, you still have to contend with vacancy loss, repairs, maintenance, depreciation, tax preparation and planning expense, occupancy permits, special assessments, tenant damage, any casualty loss up to insurance deductible, property management fees, etc.