Explain that to make improvements to the property requires a little increase and take into consideration their income, time in residence, and try to make improvements that can reduce the overhead.

Tax laws get more progressive over time and in 50 years, you will likely be taxed for even holding equity.You can definitely use some strategies to reduce taxes.

I see that the "Housing Opportunity Through Modernization Act of 2016" changed the FHA rules regarding condo financing and reduced the owner-occupied threshold from 50% to 35%.

What getting them reappraised will do is allow you to take off more debt (thus likely increasing interest expense) and reducing the income from the property. 

With the holiday's here now my anxiety level is rising.

With the holiday's here now my anxiety level is rising.

You can protest by May 15th of next year to have a hearing to reduce 2022 taxes but if your purchase is not less than the tax value you have little chance of a reduction

Like - in a down market, they can reduce your assessment - but, the rate goes up.

Within the first 3 months we only had 1 paying tenant and no one wanted to rent from us even at a reduced amount, but we were getting a lot of applications and people were paying the application fee whiched helped us pay our mortgage.

You can't put a property under contract from the first phone call in reality because there is always in-person due diligence being done by someone, often to reduce the price of that first "no-look" offer.