There could be a settlement as a result but I've seen many cases where a majority of this goes to legal fees and the building is not left with enough to fix the building and that means - SPECIAL ASSESSMENT.

I also take the kids when we assess deals or "drive for dollars" and they buy most of their own things or borrow money from chore/allowance.

Sign up with the MD tax assessment website to gain access to deed and property records.

Survey the area as well to determine your vacancy factor.Insurance - have your agent quote itTaxes - look them up on the county records and make adjustments for the new assessed value with the property trading handsManagement - find out going rates and include themTrash, pest control, landscaping - same...figure out going rates, if applicableUtilities - not sure who paysMaintenance and cap ex - Highly debated topics on BP; so, I'm not going to get granular...have to search the site.  

Your going from single family to an 8 unit building and your assessed value and tax rate will change.

We find listings that are 30+% below tax assessed values.

My job consists of assessing properties for a variety of real estate investment companies to provide capital plans for major repairs.

It cost me a morning of my time, and some photocopies.I was aiming for knocking 30,000 off the assessed value to get a break on the high city taxes.

You MUST pay for or the lender will require a PCA (property condition assessment).There is to much financial risk for you to cut corners.

I've been leery of dealing with such a situation because of the assessments and penalties an HOA can impose on the owner for repairs or due to tenant behavior...