You maybe over assessed.  95 percent of cook county home owners never appeal their property taxes. 

An operator of a switchboard, or an officer, agent or employee of a provider of wire or electronic communication service, whose facilities are used in the transmission of a wire or electronic communication, to intercept, disclose or use that communication in the normal course of his employment while engaged in any activity which is a necessary incident to the rendition of his service or to the protection of the rights or property of the provider of that service.

I saw a store for rent in my neighborhood not long ago, under the number to call, in parenthesis, (no sleeping or cooking allowed).

I found a broker at Exxon and we started to do the deal to purchase this facility.

The home in question doesn't seem to have been used to cook meth, just distribute. 

@Fred Johnson the building was being used as a storage facility.

Seems that these are often ridiculously cheap - but I'm thinking the market knows more than I do and they are cheap for a reason.Churches are often beautiful buildings in great shape, but are very awkward to convert into a SFH or apartments.Schools tend to be large projects requiring significant resources to remodel into apartments or senior facility and can be either in decent shape or quite run down.Masonic halls are often very similar to commercial buildings but usually need a lot of rehab.Also many of the bargains are in economically depressed or low/no growth areas.But still the price on these can be so low that getting positive cashflow should be easy.And there may be LIHTC (low income housing tax credits) available - anyone managed to snag any of those?

Our house is 3 blocks from the SF Giants training facility. 

Linda Muscarello does a tour of the auction facility and process each month at the foreclosure auctions.

for new construction development extra.. it makes a HUGE difference I can tell you.. and I had 30 million out with them that I used to loan to flippers and I made the delta.. that was in my HML company and that was 5 different banks all same facilities..