As an example, there has been only one sale nearby in last 12 months and it was essentially a new build, so even that is not a good comp property.  

I didn't want to go to court for obvious reasons, so I took a $40k damages check and bought this deal.

Were you able to fight it, and if so, how?

@Travis Biziorek we've been on the same page about that forever:)Seems we both want people investing the RIGHT way in Detroit, so they brgin family & friends!

If so, how common are they?

So, would you suggest doing this and putting him in 1st position, once the home is completed have him removed from 1st?

I've done all of the above, so DM me if you'd like to discuss in more detail.

Unfortunately, this reassessment is unavoidable, so you’ll need to evaluate whether transferring the property is worth the potential tax increase.If a Transfer Is Not Feasible:If the potential property tax increase makes the transfer impractical, an alternative option is for your father-in-law to secure a Home Equity Line of Credit (HELOC) on the property.

I've owned a bunch of condos, so I speak from experience.

If so, how did it work out?