I wouldn't only trust the word of the county person you talked to (they're not always correct unfortunately) but also supplement what they told you by looking at the published zoning code specific to the zone the property sits in (if you haven't already), and internalize the constraints as they relate to this parcel/your plan. 

The 60's had some classic mid century modern style houses. 

Milwaukee actually publishes a "Vacant Lot Handbook" that gives people ideas about what to legally do with vacant lots.  

And again those are situations that you as an individual work out in your own way given your financial condition and how you feel about a certain tenant.. my classic was the tenant who told my PM they just had a new baby ( which I believe they did) record cold winter they could not afford heat and rent could I do something.. so of course I say sure.. don't pay two months and add it to the rent and pay over the course of the coming year.. end of two months they up and left  LOL. and for sure I can see how investors that are highly leveraged with little to no real reserves might react differently than those who might own the real estate free and clear or if they missed a month or two of rent its just no biggee 

It was then I learned all about IRS wage garnishments, thank God for unlimited overtime.By '98 I was retired, free & clear & still kick myself for selling some of those old classics.

@Jay Hinrichs classic economist mistake of assuming frictionless transactions. 

@Shamsul ChowdhuryI believe you may have another issue if you wind up creating a NY LLC and did not go through the LLC Publishing Requirements.I'm not an Attorney, but I have several LLCs and I absolutely made sure that I Published them correctly and received a Certificate of Publication in case I need to sue.Please read the Below and CONSULT WITH A NY Attorney!

They have since restored that home to its old classic bones & have NEVER complained about the work it took.

I think unemployment will get back to its pre-coronavirus numbers though it will take time (at least 6-9 months).The economy is good if you look at the classic definition: An economy (from Greek οίκος – "household" and νέμoμαι – "manage") is an area of the production, distribution and trade, as well as consumption of goods and services by different agents.However when I look at US debt - which pretty much every politician with few exceptions have kicked the can down the road - I see a massive problem with inflation. 

your stats are a little outdated for columbus on average price, median, etc I'd recommend you do a little more research or look at the monthly housing stats they publish every month. you are about 10% low