For example, real estate tax. A

I’m looking forward to moving to Indiana and learning the market. 500 thousand dollar homes have the same property tax as my sub 200 k town home.the one bind I have is to get my forever home, I will probably have to start getting this debt paid down.

With regard to tax, a land trust is a pass-through entity. 

I guess the bottom line of my question is... current property tax a good way to determine the value of the property?

Because the property tax as a non-owner occupied property is about 3-4 times the amount of a owner occupied property.  

Since the house was vacant until Feb I wouldn't have broken the minimum threshold requiring the Franchise Board Tax as they assess it quarterly and their quarter ended March 31st but I imagine that any issues will be investigated come this months statement...

There are base rates just for owning a home, but value doubling doesn't double actual tax. As

As an owner of a single member of an LLC, you can't pay yourself a salary, but you can tax a draw this would not be taxed (note above, income of the LLC is taxed to you) to avoid double taxation.

., You can actually do the 1031 exchange to defer tax as @Oliver Beirne suggests whether you want to trade or if you want to sell your SoFLo property and use the proceeds to purchase the house.  

It would be a minimum of a $60k return (pre-tax) as a flip.