Cutting to the meat of the situation, I came across a property that looked like a fixer upper, typical investment grade property.

This property had a very large lot How did you find this deal and how did you negotiate it?

I recommend starting by contacting the county’s property tax office to determine if they are open to discussing or reviewing an appeal for property taxes.

Quote from @Arun Maheshwari: Hi,Does the bank owned foreclosure property allows to put Inspection contingency for big issues like plumbing, eletricity etc.ThanksIf it is bank owned and the foreclosure has taken place - possibly but they would make you responsible to turn on power and water and turn it back off.

For multifamily or commercial, the rental rate impacts the value of the property. 

Hope this helps, and good luck with your first property!

As the owner of the property that is being severely mismanaged, do I have the ability to move the money directly to my bank through government action?

3) How well prepped was your property?

I have some flexibility but rely heavily on my team for admin work and the day-to-day operations of property management.

Property management is not for the faint of heart, so glad to see you're enjoying it and thriving.