Many Assessor web pages will, somewhere in the small print, include the disclaimer that assessed value is used only as a method of distributing the tax burden among property owners, and should not be used as a measure of fair market value.Any property poorly maintained over time will see an artificially high assessed value, as neighborhood sales of better maintained properties will drive up the assessed value.

My plan was to redo the backyard with nice pavers and artificial turf so this problem may actually help on my covers!

Heck, if someone was looking for artificial high cash flow one could look at junkers under $50k with rents of $875+ in Ohio where all the companies are offering every guarantee under the moon !!!

I hope he gets a bit of his own medicine. 

(For perspective The Baylor School of Medicine in Houston is ranked #18 nationally and the in-state tuition is only $15,000/year!)

In doing so, I see people create what I believe to artificial barriers to investing here.

Banks are hyper conservative cause of artificial value increases in the past.

What you lose is the economy of scale when doing everything at once, but you don't artificially create 100% vacancy. 

A bit like a shop discounting something by $100 when they had artificially raised the price, first, by $150. 

We were one of 17 offers (priced artificially low for a bidding war).