I ask because I found a house that's selling for 100k less than tax assessed value (MLS, normal house, great condition) and am wondering if I'm most likely walking into a sweet equity deal, or if there's some more nuance y'all have fun into.

On the walk back I have to carry my groceries, which is uncomfortable, tiring, and annoying.

They seem way higher than sale appraisals.I always walk with my appraiser and provide a list of upgrades and discreetly slip in the price I want.

During due diligence, the buyer walks the property and counts up deferred maintenance on all of the vacant properties. 

He has come to terms with it, and is saying that he doesn't have enough time to sell the property, so he is planning to just walk away from it. 

It's also a bit quieter when walked on. 

If it appraises for less than contract price, the seller either lowers the price to appraised or your escrow is returned and you walk.  

That can actually help.Finally, be fully prepared to walk away if your maximum price is exceeded.  

It's about 1-mile from the center of town which is nice because it's a little quieter but still close enough to walk down to all the attractions.

.- The reasoning behind converting it to a 2/2 came about when I walked the home. being that the home doesn't have a large floor plan the third bedroom ate up a lot of space.