If you study the economics of this industry, you'll see that it's very much like a sports team.  1% makes most of the money, then a small 2nd tier of agents do some transactions and a majority of the rest do nothing. 

Our local market in Columbus has been pretty incredible with price points lower than markets like Austin or Nashville, with a better economic outlook than similar large cities of over 900k people. 

It was the most economical for the best reviews I could find. 

Period.Likewise with flipping houses -- I've flipped a lot of houses, and it's safe to say that if, with the knowledge you can get for free, it's tough to lose more than $10K in many parts of the country (barring some macro-economic event).

-NationsIt makes little to no economic sense to do a renovation in this neighborhood.

The problem is it's a very economically depressed area.

I've never even been to Texas and I can seen the appreciation and economic growth - might need to take a trip there  The Texas property tax sales comment is specific to Texas.  

@Anthony ZottoI don't think either will have a big impact on multifamily, unless they drop rates and stimulate demand.

The fact that 8 acres were developed and 200 were left as farm is a clue there is some issue.Another first step would be to determine the possible economics of the development.

I think he ended up spending 30-40k for the fire suppression system, windows, and whatever else the city required... and I'm not even sure this is possible anymore, since I think Union City's program is not going on anymore, and, in general, they require showing off-street parking.I'm uncertain if the economics will make sense for you, although I'm not sure what JC may require or how your basement looks now.