They allow illegals to come in, reducing middle class wages and artificially altering the US citizen vote count towards one party to stay in power.Just imagine how this will increase crime, decrease property values, etc.

Prime Rate: An artificial rate set by commercial bankers.

That's why I subscribe to the philosophy of not creating artificial vacancy, and will ride a tenant in a distressed unit for as long as possible, because as soon as they leave, I'll have to spend $10-20k to get the unit in rentable condition again.  

The problem is, as was found out by another investor in Memphis that is on BP, a nice house with too high a rent cost will artificially drive up the vacancy rate.

The construction costs of the building would likely be paid off in 4-5 years.I believe our lower property taxes possibly give us a competitive advantage redeveloping ourselves versus selling to an outside developer.Here's my question/idea.To keep the land portion of our property taxes at the artificially low rates could we retain ownership of our respective parcels while forming a separate LLC or partnership that would construct and own the building? 

Just playing devils advocate to those who say the market is artificially stimulated and many real estate buyers are foreign investors and hedge funds looking for yield.

However in your case you're really trying to shorten the time frames down to artificially match a flipping model.I'm thinking that your intent then could very well be interpreted that you never had the intent to hold for productive use.  

Historic properties sometimes have tax benefits (tax credits, artificially low property tax rates, etc.).

This is artificial cash flow.

When you take control of your own deal flow, you remove the artificial barriers to entry that brokers force you into.