One of the reasons most developments have Mello Roos is that cost to put in all the public improvements are so high that it will stymie growth if the developers have to front it all.

You lost your job and are still jobless eight months later.

If that's the case and you aren't viewing more properties in person than you are making spreadsheets on, you are destined for analysis paralysis.Spreadsheets can only tell you estimations based on numbers given to you online or by a real estate agent whose job is to sell the property.

Maybe they know the owners or were able to get the owners to let them see the inside.The process would be significantly improved if there was an expiration time for the owners to become current on the tax debt. 

It seems like you are making money in you job, as it seems like you've saved $200,000 (50% of $400,000.)

I plan to use a HELOC for the improvements to create lots with improvements.My plan for the rest of the parcel, now roughly 7 acres, is to built a primary home for my family, and to put in 5-6 cabins.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

Just want a software that does a great job handling the overall operations smoothly, a one-stop-shop for all PM needs. 

Thanks Anthony, solid idea to improve efficiency.

I went to Vivian.com to browse the jobs to see if there is demand.