Instead, You get to use the tax for your own benefit and purchase better property/ properties.

Take ownership of your mistake and learn to do the proper due diligence recommended above😊

The greatest property tax sale state

The Highway 64 property presented a great opportunity due to its low acquisition cost and potential for substantial value increase.

It probably be best as a friends-and-family type loan, but I don’t have anyone around me that is an appropriate lender.If I have to, I can put the funds in myself, but its inconvenient, and would come from investments that would need to be sold, taxed, etc.

please just perform your own due diligence. 

Monthly pre-tax income for household (minimum $5000)7.)

I think a good tax person is worth their cost.  

Many assumptions were made as to my knowledge, part due to my "rookie status" on the thread and part in that being the first deal being made. 

And, factor in the depreciation and other tax benefits, deductions, home office, vehicle expenses, etc.