The place could also survive on LT rent or seasonal rental, which is popular in this quaint village on the water for Summer and shoulder seasons.It's one of those two-story old 1890 brick buildings.

About setting up a village?

Neighborhoods like Morningside, East English Village, and Bagley are great examples of areas where properties have appreciated, and there are still a lot of up-and-coming pockets where there’s growth potential.Detroit isn't perfect, of course, and it has its challenges, but I've found it to be a great market to build a rental portfolio that balances cash flow with appreciation.

If you're actually correct and the village has a 59k assessement on the land but the reality is the land is worth 20k, then I'd consider getting an appraiser even. 

Turnkey properties are popular in Old North, Merion Village, Southern Orchards, Old Towne East, Driving Park, North Linden, North Hilltop, Franklinton, Reynoldsburg, and Hungarian Village.For BRRRR and Fix & Flip, consider Eastmoor, Hilltop, Whitehall, and Linden.

Fontanelle and PebbleTree are close to Blossom Valley and Village Oaks where all the major establishments are (Hospitals, Costco, etc...), yet they are separated by the 101, making them a unique and cozy community.

The village also had a lot of restrictions that made me not comfortable proceeding as a first time STR investor. 

My market here is small, as my village is small. 

A buddy of mine was able to scoop up a couple of duplexes downtown for under $200K each, and they’re already cash flowing nicely.For Phoenix specifically, I’ve seen a lot of action in Downtown Phoenix and Paradise Valley Village, where investors have found strong tenant demand.

Hi David,Ludlow looks to use residential and non-residential: located on right side of this page are the rates: Listers & Assessor - Town & Village of Ludlow, VT Here is the treasurers office info for Dover, they should be able to give you the millage rates you are looking for: Treasurer/Finance Officer/Delinquent Tax Collector | Dover VermontHere is the state of VT definition for homestead and non homestead:Homestead Declaration | Department of Taxes (vermont.gov)