Coincidentally, mom bought it for $80K in around 2006, and currently on the market for about $300K, almost identical situation to yours. 

Property tax is theft and should be done away with.

There cant be an accusation of theft .

This is preserving a culture, history, and identity within a city.

Vernon) for possession, distribution, and production of crystal meth, he has 2 burglaries and two grand thefts on his record also.....

I'd have a chat with the sheriff...report a theft, have the deputy come out (when the neighbor is home), make a report, make sure he see's the sign, give a little bit of the story, maybe the deputy has a little talk with him...

I do however want to get rents up to market value.I am in an area that enjoys a low cost of living and the rent roll ranges from 500 to 700 a month on nearly identical units features and square footage wise.

When I live closer, I will shield my identity a little bit more, but just enough that someone would have to work a bit to find out where I lived.I use google voice.

You have to look at total taxes as a percent of GDP when evaluating tax rates because different countries have different systems of taxes.Japan has rates almost identical to the US.

you will need to qualify for the house under both payments, assuming you have no other rental properties over 2 years.I did this & it worked out wonderfully. house sat vacant for 2 days, tripled the amount of space in our new home, and 6 months later a comp identical to ours appraised for $20k more.everybody on BP said not to do it. that it won't be a profitable rental cash flow wise. but it has definitely been profitable from a net worth standpoint.so far, so good (fingers crossed)!