I HATE paying anyone in cash -- it's too hard to track for accounting purposes.

It's the kind of turn-around property I wouldn't touch because I don't have the right background, but it's an example of one that might just be re-purposed and be a good income generator for someone with a real estate and renovating background.

Look at example 1 under section 91.132, since a subject to is like an assumption for the purposes of setting transfer taxes due:http://www.pabulletin.com/secure/data/vol41/41-47/...

In addition to what @Ryan Gillette said, you may be able to call the utility company and ask for averages of the property address for due diligence purposes of a purchase.

Alex, there are many reasons for getting you license, and I'd suggest you consider whether you're intending to use it to enhance your investing career, or if you would like to use it for the purposes of being a Realtor?

Here is the scenerio....an LLC that I am a member of purchased a single family home with the initial purpose of a fix and flip.  

A contract for deed is a sale for tax purposes, it is an installment sale and it is not completed until all amounts due have been paid and when legal title transfers.

It is like a parable, the purpose of the story is not to be a true story, the purpose is to make you think in a different way. 

These properties are bought with the intent to rehab and sell so they are held for sale and not held for rental/investment purposes as required for a 1031 Exchange.

Assessed value is worthless and is for taxation purposes only.