There are some areas in the Midwest and Southeast that fit this criteria.

Assessments are with valuations from a specific year.

I want to develop strategies and criteria that will help me analyze deals and find properties to invest in.

Yes, reading is great to learn about specific technics, but hands-on application when running alongside guys that are doing it day in and day out is far superior.

We do screening.Unless you have specific, written criteria for what constitutes acceptable answers to the 25 questions, you open yourself up for a Fair Housing violation complaint.  

Here are some specific questions I have:What would be the best approach for someone like me who is completely new to real estate?

If it’s a homestead, it’s a two-year rights of redemption, this is specific to Texas, I don’t know about other states.

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

It's what they post as FMR, but it's not necessarily a reflection of what you are going to get, I completely agree with you.For fun, I went on rentometer.com because it usually shows good example, and for houses specifically, here's the numbers:1 – 4 Bed Summary1 bed2 bed3 bed4 bedAverage Rent$1,139 ±9%$1,735 ±5%$2,281 ±5%$2,892 ±12%Median Rent$1,000$1,750$2,000$2,67525th – 75th Percentile$901 – 1,376$1,319 – 2,150$1,681 – 2,881$1,987 – 3,79710th – 90th Percentile$687 – 1,590$945 – 2,524$1,142 – 3,420$1,173 – 4,610Standard Deviation$353$616$889$1,341Sample Size11596314Search Radius3.0 mi3.0 mi3.0 mi3.0 miIf would actually like to chat one on one with you to understand why all the FMR are so high in rentometer.com, zillow.com, huduser.gov, CHMA's website and you are telling me they are far from these numbers.

Best thing to do is you should meet with a real estate attorney to go over the specifics of this deal to come up with the best solution to maximize your returns as well as protect you throughout the transaction.