We are basically a sanctuary for illegals as well.

I'd grab that Section 8 tenant ASAP.The deal looks solid.Did you account for at least $150/month (my number) for maintenance, basic operations (lawns and snow) and big ticket repairs?

I plunged the toilet and changed the fill valve, which is a basic repair that a homeowner should know how to do.Normally a fully running toilet makes noise, but in this case it was almost fully off, but no quite, so it made no noise but was sending a few ounces of water into the bowl ever minute or two, until it was full and overflowed.If it is a rocking toilet, tighten the bolts until firm.

A pretty common question here is "how do I appeal the valuation set by the county assessor on the property I just bought for significantly less than the current assessed value."

Even the bad lawyers know how to do a basic asset search and prepare discovery documents requiring asset disclosure.

I agree that realtors will be optimistic in their assessments.

I will review his numbers and assess where I'm at.From what he says, his material costs were way off.

It can be a great idea for some and not so great for others and without knowing you, personally, it's more difficult to form an opinion.Aside from that, it never hurts to have a little more knowledge of basic business finance :)Anthony

Your basically doing a double assignment.

My understanding is that hard money loans are more about the property than the borrower, but I expect it would be hard to do an assessment on a property that isn't done yet, right?