Typically its done for open space or use for community property (ie. fire station location or other county use) and typicaly would assist in increasing tax base.  

You have to run numbers and decide after that.

You want an investment that pays for itself, including mortgage, taxes, insurance, maintenance, and even some money set aside for a reserve to cover vacancies and capital expenditures.

In markets where affordability and cash flow are tough, focusing on stable, long-term rental markets with strong resident demand can make all the difference.It’s completely understandable to feel cautious after missing opportunities in the past, but real estate has always been about timing and strategy.

It's a more affordable market and lower property taxes, so you may actually have a chance to cash flow.

The asking price was 125,000 and after I did a walkthrough with my agent I offered 100,000 because the house needed some serious work done.

Instead of evicting them, i was thinking is there some way that I could rent it back to him for very cheap (mainly to cover just the taxes/ insurance) ie 2k a year rather than the going rate of 2k a month for similar properties.

We would like to refinance as soon as possible after the build to recover all or most of our initial investment.

Pete area  after the recent hurricane and was hoping to get some real, boots-on-the-ground insight.

BTW behind Texas.When all forms of taxes are calculated (income, property, and sales tax), CA ranks below the middle of the nation in total tax rate.