The condo fees have gone up each year, the condo board does not seem particularly fiscally responsible with owners' money, and you never know what special assessments or rules are coming down the pike.  

Be cautious of special assessments which mask low condo fees.  4. 

For the "Independent Study" course I am currently enrolled in, I'm evaluating a large acreage property from the perspective of an investor (assessing possible income-generating activities, determining development opportunities, constructing pro forma's for each scenario, etc.) with the help of the property's brokerage firm, my professor, and a few external sources who were kind enough to help out.Some information about me: From Georgetown, TexasGraduated from Texas Tech University with degrees in management and marketingI enjoy flying, and I've been a pilot for about 5 yearsI'm an avid outdoorsmanI plan on becoming an accredited land consultant at some point in the futureI'm open to any and all suggestions/advice/information from the BP community and I look forward to hearing your thoughts!  

If this property is a dime a dozen then plenty of other ones to offer on to try and get your price.If you are a rehabber and reseller you will have a tougher time competing against buy and hold investors and home buyers who can pay more and do not have immediate resale costs.

Buy simple and cheap, you can always treat yourself to a much nicer home 5-10 years from now once you already have a dozen other income generating properties and are financially secure. 

I was actually using this listing as an example, I agree with your assessment about Hampden.

.- Also taxes at 1% (10,000 / 1,000,000) seems low but depends on the assessed value and mill rate.

Hello all,I have been driving for dollars lately and started looking up tax records for the properties to get owners name, address, assessment values, tax records, etc.

Here is what the appraisers website says about the property for 2015:- Assessed value:  $32,000- Taxes:  $624.73 I know I still have to get an inspection done which would really tell more of the story.Now with the questions:Is this a good deal?

And what's the best next step if want to assess the situation?