For property tax reasons, these lots were tax assessed at no less than $5,000.To put this in perspective in today’s dollars (this was 40+ years ago) he would have paid maybe $500 for a tract of land tax value of $35,000.  

If don't have full comprehension of these, then it's well beyond your knowledge point and don't try it. 

Monitor and OptimizeEvaluate Performance: Regularly assess the performance of your investments against your goals.Adjust Strategies: Adapt your strategies based on market conditions and lessons learned from previous investments.9.

As I understand it, the county removed the exemption and assessed the new tax on the revalued property after you closed on the property. 

I never mentioned your children as your family does not interest me this is all about as I noted teaching other members a lesson in how to assess risk in our industry. 

Once again, it is only a guess, I have never had imputed interest assessed against my clients in real life.

Analyze financing and cash flow to assess return on investment.

The assessed values are lower than current market values so I have no lower comps to try to appeal them.- Indy can be block by block.

I’m just going off what looks clear to me but I’ll have to have a CPA assess it.

@Jack Lindstrom I think comprehensive screening will get you where you need to go with non-Section 8 housing.