Apparently its assessed at $84K! 

(Not many 1 bedrooms in complex have a garage & most comparable units in area do not have W/D in unit)Purchase price: $51,000.00 (cash deal)Note: Small assessment paid by seller at closing.

Just work out a deal with a contractor for a no strings attached, per property assessment.  

@Gretchen Roberts  and @Matt Rosas   You are both incorrect on your assessment that you can go negative on stocks but not your home or vice a versa. 

“Recordation of Quitclaim Deed and Mortgage; Conditions”, the following statement appears: “Upon: (i) Buyer’s payment of the Down Payment and the Delinquent Assessment in full, (ii) Buyer’s execution and delivery of the Note and the Mortgage to Seller, and (iii) Buyer’s timely payment of all Probationary Payments, Seller shall record in the County in which the Property is located a Quitclaim Deed to the Property, transferring to Buyer record title to the Property, and shall simultaneously record the Mortgage.”The first payment for this land contract was due September 1, 2011, and the borrower has made timely payments exceeding the 24-month probationary period.

My goals are hopefully pretty modest.....maybe ultimately 2 deals per year, as I work full time.I admit, that my knowledge is strongly focused on the nuts-and-bolts of the business.....design/construction/skilled trades.....and so I'm on here, trying to enhance my ability to bird dog deals as well as finance them.I've done a little research, and there's a fella buying distressed properties here and there in town, at roughly half of county tax assessment value (which seems to be roughly 80% of actual market value), then mortgaging the very same day at about assessment value.....then rehabbing and reselling within a few months.

Now it has a full stop light, ha ha, and dozens of new businesses throughout the community.  

Condos kind of scare me because they could raise the HOA unexpectedly or have a special assessment, but sounds like a good deal to me.

If you do not have a lease in place you can get a independent assessment which a bank can use on a rental worksheet I believe there called. 

Provide contact information for your new PM, and advise your new PM to contact them for handoff.Be aware of any charges you may be assessed for terminating (especially if the property is occupied).