Those two properties are actually holding your progress back by keeping them at this point.  

I'm sure there are still deals to be had while including those fees but I find them to be more hassle than reward.You also have the HOA politics and potential for special assessments with a condo.Also with a condo the home value is more closely aligned with the neighborhood rather than it's stand alone features.

I want to be able to look at the properties and do my own assessment.

As a rule of thumb you want the best assessment of the business structure that will allow you to keep a significant amount of income that you made from your deals while minimizing the taxes that you have to pay to Uncle Sam.

The only candidate who has anything close to the National prominence of Booker is Ras Baraka who I think is really concerned about Newark and is also a native product of our home town so we'll see if the so called 'progress' can continue.

The homestead exemption doesn't even do much, they've been reduced so much they are under the cap.There are formulas in MD for real property taxes that one can use to calculate based on assessed value in our system and caps, etc.

Taking risks are necessary to make progress, but you have to know the difference between a calculated risk and a careless risk - take the former when it's prudent, never take the latter.

Looking forward to hearing about your progress.

The major problems we see are that condo boards can choose to turn the complex into rental restricted with enough votes (meaning no rentals or only percentage can be rentals), special assessments or raises in condo fees could kill profit potential, and losing FHA eligibility could cut sales potential in the future if you'd rather sell than rent.

I'm about to get into contract on a property assessed at $100k, but I'm only paying $50k for it (this is a fair ARV.