Obviously fraud has occurred, but my client is well outside the three year statute of limitations for making a charge of fraud and it would be his word against the interpreters.

Some say residential you get long term financing and bigger buyer pool and commercial is limited for resale.For a mainly residential investor that does not have the commercial network I could see why they think that way.

However, NY state law limits the increase in assessed value is capped at 6% in a year or 20% in five years. 

Most newbies that have herd mentality are buying those now.If you are trying to get safer investments you might want to buy brand new builds in a subdivision in a nice area stage 0 to 1 of development.Example you look at 2 options:Option 1 - Buy a house for 75k (Class C) that after mortgage payment is supposed to generate 150 a month income or 1,800 a year.Down payment 15,000    Result: In a few years rent growth in lower income areas is more limited due to income earnings.

You have something most do not have.As for saving for investing the best option is to adjust your life style. 

I am waiting to vocalize my intentions until we are inside the 90 day time limit she has to renew, which is 13 days prior to my closing but I would need to get an agreement in place prior to closing. 

@Walt Hairell Your options are limited with a mobile home (manufactured housing is the new PC word).

If you foreclose on a property and want to keep it as a rental then that is OK but just be aware of the limitations. 

In a limited sense, I'd guess that the money you spend that will get the greatest return is cleaning, mowing, and painting. 

This house is outside city limits so no permits needed.