Though I can respectfully disagree with others assessments on how they grade a property, there is no true set of criteria for doing so and this is why an investor should really do their own homework on areas and markets before they buy. 

At an assessed value of $1.85 MM, the properties are paying about $38.5k in annual property taxes.

It begins with assessments of the structure and organization, then moves into an assessment of management, qualifications, certifications and administrative oversight.

*Edit*Assessed value: 1,813,000, of which SEK 207 000 kr landValue year: 1992Tax Rate: 35.5****

I have been wondering for a while how you would assess repairs on a possible virtual wholesale deal, so I thought I would put the question to BP.

And Section 204 (h)(4) says that a state can become eligible for federal funds to help implement the program by "adopting by statute or regulation a requirement that buildings be assessed and labeled, consistent with the labeling requirements of the program established under this section," or "adopting a plan to implement a model labeling program consistent with this section within one year of enactment of this Act, including the establishment of that program within 3 years after the date of enactment of this Act, and demonstrating continuous progress under that plan."

I don't have enough data to assess the accuracy of the 50% rule.

Specifically, I want to evaluate a few markets for the purpose of buy-and-hold, cash-flow investment in residential properties (single-family houses or 2- to 4-unit multi-family properties), so I'm curious about the process employed by other investors to assess and contrast a handful of markets when determining where to invest.

Certainly Andrew was not sure that assessment was correct so he asked.

And the neighborhood is fairly decent.Thats still cook county though but the numbers are great and the area is decent.But watch out for the taxes in Cook County.A house I have in richton park is assessed by the county at 135k and my taxes are over 5k.