The tax assessed value is 40k, he is asking 55K.

Dawn do you have the same ability to assess issues and offer remedies as a professionally licensed home inspector?

I have been seeing houses with agents sparingly for the last few months to gain experience assessing repairs.

Need a lot more info to give you a proper assessment, but the seller (or broker) is clearly understating expenses.

If I buy and hold, I want as many fixed costs as possible- you never know when the condo fees increase, special assessments, etc.  

I have been following sale and creating my own databases of comps with all property details, such as beds, baths, total rooms, lot size, garages or not, and assessed values and sale prices of all sold homes in Saugus.

Income is assessed at your bracket rate, but only after depreciation, interest, and other deductions effectively shelter (or tremendously lower) exposure.3.

Babiak's assessment.

But you have to make your own assessment of the long-term prospects.Congrats on all the prior success, and buying when things were low..

I can give you my assessment on it if you would like.