Things like, neighborhood, quality of the schools, etcCurious, because I hear about some people do a lot in very run down neighborhoods.

This is almost a 60% increase in a township that already has overinflated taxes relative to the quality of school districts.I work with several investors in this pocket and it seems as though this is an unnecessary money grab by the township.

You should have one on speed dial. 

If you take two comparable homes of equal quality, condition, age, features and location but differing sizes, the smaller home will invariably show a higher value for $/sq ft.That number is somewhat useful in a development where there are cookie-cutter homes that are identical in every way, but unless the development is new, some will have been upgraded and/or updated and others will not.Your best bet is to get contractors in to bid on both a gut rehab and a tear down. 

There may be a slight difference in the cost/quality of materials you put in one over the other.

However, while this will speed up the process, the cost of this route will be at your expense Is the property located In Beaman IA by any chance?

Mostly want to see what his options are and if it's worth staying on the current path or taking a little short term debt to speed up the process. 

I am looking to purchase a property in Wagoner, OK but am worried about the quality of tenants that I might be able to get there due to a smaller pool to pull from than in the Tulsa area.  

They are looking to trade equity for speed and convenience.

You want quality leads, not quantity.