I'm also willing to take a gamble on my skills at assessing the condition of the property from the outside.

If the comps are weak in that subdivision 6 months back I might try and got 8 months back and go out in about 1 mile radius but sometimes the surrounding subdivisions are not comparable at all (I figure it out by driving all the comps) and do not make good comps for the subject property.Typically in these sort of scenarios I have been making my 70% minus repairs offers based on the properties tax assessed value as the ARV.

Aside from the fact that I don't agree with your assessment given, even if it were true, then simply form relationships with those list agents and let them double dip.I am proof in the pudding that making offers on the MLS works here in So CAL.

A good site is updated every 6 months or to account for changes In browser compatability and markup language changes.

And here is how this property is laid out; current tax assessment of land and building is 318k with a religious tax exemption.

You admitted having difficulty in assessing the aspects of state statutes, yet you can determine risk associated to members in a SLLC.....really....You mentioned leaving Joe high and dry, obviously you have nott seen a good partnership arrangement in an Operating Agreement, I have written many with interests and rights well defined.

I was in insurance as an agent before FDIC, as an agent you are exposed to RE, many agents provide mortgages, insure RE and assess exposures to risks in the field.

Fire protection codes were assessed around 1914 I believe when inspred by insurance companies.

Assessed value on the .19 lot is $898 so 3-5 should be PLEANTY.

Your lawyer is better prepared to answer these questions since s/he should have a copy of the governing documents and should be familiar with the Colorado condominium act.I will give you one tip - but again, this will involve consulting your attorney - ask your attorney if your governing documents and Colorado law allow you to levy a special assessment on one or more unit owners that should reimburse you for repairs and/or legal fees.