The home is assessed at 32k.

Each property is influenced by different variables, while they may be similar they are not the same.The similarities, general type, style, location, price level can be assessed as to value but not performance so much.

Careful with code and assess issues. 10) Create multiple units out of single units where zoning and code allows. 11) Change use of property to highest and best, ie convert warehouse to smaller self storage units or lofts. 12) Change zoning to allow higher density and more expensive use. 13) Paint and cleanup property to command higher rents. 14) Identify and rent to niche market at higher rate, ie felon friendly. 15) Convert property from long term lease to vacation rental.16) Rent to roommates individually instead of the whole property.

Also start assessing your personal situation to make sure can invest wisely.

Hello all,

So I read the beginners guide, the multifamily article and case study. I am kind of feeling saturated with alot of information so forgive me if I tend to ramble at the moment. I have been looking a...

I'd find out if the HOA has enough reserves to avoid special assessments.

Jamal- I wouldn't put much credibility in assessed value.

Also I totally agree with your assessment of bigger operations doing bigger volume.

But I would have done everything I could to evaluate and assess the property prior to that.

Go to open houses in the neighborhood to assess prices, view finishes.