Your numbers.If you're going to be attempting long distance wholesaling, you need boots on the ground that can go have a look and give you an accurate assessment of the condition and an estimate of the repair costs.

The second lot i purchased at 3k, the assessed value with the county is 12k.

I typically stear clear of condos - mostly because you never know when a special assessment will pop up....

A mortgage company will assess if you can actually afford both mortgages.

Looking at a deal on a duplex that I would owner occupy - there are very few multifamily properties available in my area currently and all seem to have what I think are inflated list prices.1,976 sq. ft. 2 bed, 2 bath per unit duplex built in 1969, 2 car garage.List Price $137,750Current Tax Assessed Value $100,800 (prev. $116,000 average)Located in a desirable neighborhood with SFH and MFH mix close to an elementary school.Gross Income $14,400 annually (verified currently getting $600 per side rent).

But, if there is one Parcel Control Number, or one Tax Assessment including both lots, then it's definitely one Parcel.

.- You are going to have other expenses besides taxes, which will be based on the new assessed value after the sale, but I think should be roughly around the $2000 you are calculating.

Assessment value according to city is 218,000.This would be our first property if we were to get it.

But you should confirm/verify the information with county assessment data (or tax data... somewhere you can see what property sales were recorded).

Once you are very familiar with those, it will be much easier to assess your options.