@Rafael Ramos All your goals contradict each other:(1) Cashflow: buy Class C & D properties2) Appreciation: buy Class A & B properties3) Low Crime: buy Class A & B properties4) Why would you want your investments to lose money to lower your taxes?

They lowered the “taxable value” by 40-50% and then raised the tax rate about 35-45% lowering everyone’s taxes that year.

He's a CPA with a focus on strategic tax planning.

Certainly more areas with lower property taxes.

Use that loan to pay the back taxes and get things under control.

You will want to fully understand the tax reporting burden you will face. 

if it is unsecured loan that is the consequence, you lose they entire thing. as far as tax write off, sorry but none.

As a tax pro this is a weird take to me. 

Unfortunately, he got behind on property taxes and was struggling to keep up with maintenance, so the place was in rough shape.

Ensure you collect a proper security deposit (typically one month's rent in Florida) to cover potential damages.Your plan to increase rent next year makes sense given rising costs (taxes, insurance, and maintenance).