That's not a good place for any fiduciary to be.My bet is that niece Nancy and her lawyers are going to eat your lunch.

Often times they will distinguish between taxable value versus assessed value.

Your best bet is to work with an agent who knows the area and use the MLS, zillow ect.  

Hey @Sameer Kh - spending $6,100 on repairs seems like you'd basically be spending 5 years of cash flow (considering you finally made some money this year in the amount of $1,200).So, it looks like you're betting on appreciation, which is always risky.

I'm in Northwest Arkansas, and I don't know the Conway market, but with the two colleges there, I bet it's a good place to get started.

I would say your best bet is to find one in which you simply own the land and fixtures. 

There is no one to blame here, but there are some very big lessons to learn and I’m betting the tuition is gonna be expensive.

I don't think you'd be able to use comps to qualify but I bet if you talk with a couple lenders, you'll be able to get it financed!

I bet it was challenging at first to move from your SFH into one of these units but in the long run it'll pay off.

Your best bet may be to explore building an ADU on your existing properties, or to buy a SFR and build 1-2 ADU's.