Now I am in the process of selling the property due to high cost of getting it fixed.

Another option is to sell one or two of them to pay off your LOC and then keep just one.

I have a question regarding a property that the state took over and is selling.

It's like selling pizza by the slice!

After selling the property, my real estate investing journey went on hold for several years while my family grew to a wife and three beautiful daughters. 

One thing you might do is sell your more expensive properties and buy less expensive ones. 

.ⓘ This is not an offer, solicitation of an offer, to buy or sell securities.

Quote from @Devin James: Gross Margin is an important calculation for developers/builders.Gross Margin = Gross Profit / RevenueWe shoot for a 20% gross margin on our New Construction HomesReal #’s:Home Sales Price: $374KClosing Cost: $18,700Cost of Construction: $258KLand Cost: $30KGross Profit = $67K$67K/$374K = 17.9% Gross MarginCame slightly short of our goal of 20%Homes Values and Build Costs are constantly fluctuatingI wish we had a crystal ball build larger homes. average new build in our market is 2200 square feet, 4 beds, 3 baths, 2 car garage and sells for 515k. construction costs lower if design is good and find the median or average home sale price and push that up. my guess is you built too small. 347k is cheap. we target 429-479k price range in columbus ohio for single family homes and also only purchase close to urban core where premiums are 20% higher and we build smaller like 1500 sq ft where price per square foot goes up. 

Why not sell it and try again at the new location?

UNTIL YOU SELL THE PROPERTY... then the cap goes away and you are taxed on the fair market value of the house which is usually the new sales price less maybe 15%.