.@ Matt Devincenzo,From the info in your post, the land does not seem to have officially been taken by AP.

Our actual carriers used to be Secura, but they seem to be getting out of a lot of insurance lines or pricing so high as to have customers drop off, and we just moved policies in Nov. to Hanover Insurance. 

Seems like a very strict penalty if this is not followed through.The CTA provides that willfully reporting or attempting to report false or fraudulent beneficial ownership, or willfully failing to report or make updates to the reported data shall be punished with a civil penalty of up to $500/day while the violation continues (up to $10,000) and a criminal penalty of up to two years in prison. 

If appreciation is not there, however, it seems like a potentially long waiting game to see if your $60k investment today returns anything meaningful in the long run. 

Seems like a messy situation. 

the fee-based services seem worthwhile at least while actively looking.   

Seems like my options are:1.

Quote from @Nathan Gesner: Buying a house is straightforward; managing it can be a whole different challenge.

Seems like it's in a lower end area so if it is filled you will have tenant issues and turnover cost.

Also, attached is a screenshot of a notification I received of a reply to this thread; however, it seems like the account was closed already.