I've contacted an attorney that can close deals and I have contracts assessable for motivated sellers & buyers.

Frankly, the scope of this topic was not intended to cover "How to find a good Property Manager" or assessing the value of a good PM. 

I want to draft a letter to all home owners in the building that says I understand what they are going through if they cannot afford to pay the fee, and then offer save them from debt by buying their house in cash at a discounted rate (including the assessment fee I will be forced to pay upon purchasing).

I agree with your assessment that it takes a while for the schools to catch up.  

.), renegotiate the purchase price, assess how to clean up the issues that are clouding title, and try to turn it into a Win-Win Situation. 4.

Purchase Price: 20,000Down Payment: approximately 4,000 (20%) (Seller needs this to pay back taxes and assessments, attorney's fees)  Monthly Rent: 625  (7,500 a year)Rehab: Approximately 5,000 would be needed to get property in rental shape (probably will end up being much less but I like to over hedge this for worst case scenario)Loan Terms: 16,000 @ 6% 5 year term 5 year amort (payment on this would be 270.66 a month once loan starts)I would only pay interest only for the first year of the loan ($772.67 total interest paid for year, would be $64.39 paid monthly) So Really 6 year loan with one year interest only and then just regular 5 year amort for remaining 5 yearsSelf Directed IRA Fees That I know about right now: 50$ set up fee and 206 yearly feeI am trying to decipher if this is worth doing and makes financial sense.  

It's not uncommon to pay 10k+/yr for a duplex or three flat here (Chicago and 'burbs) I've rarely seen 10K per year for a duplex or three flat here...and when I did it was somewhere like Lincoln Park and assessed at 700K+.  

hello,Be  careful, if the taxes are really low its cause the same owners may have lived in the house for man, many years and it has not been assessed properly.

While this is not your money to spend, the smaller community banks will consider these accounts when assessing the value of "saying yes", where BofA said "no!"

None of my condos have pools or club houses and they still cost 200-300/month in assessments.