With 70k in instant equity, why hasn't anyone else bought the property?

NO - NO - NO.Just try objecting to the assessed value and you will get the instant reply "will you sell me your property for the assessed value?"

We have done very well getting instant equity through buying foreclosures and short sales.

With income taxes over half of Americans see them as a pay day.

I would suggest he takes whatever he is into (hiking, camping, firearms, amateur taxidermy) and search "IDWEB" to find the email alias for people of similar interest and reach out to them for an instant community.

v=FZo2hhvvlpw&feature=relatedIn this current climate that is desperate for leadership, if a show came on again with principles like this it would be an instant success.

And there is no instant success stories whether your RE agent or wholesaler.

No skin in the gameFrankly, most of contractors cannot wait until closing for the payday as they are in a industry tends to live paycheck to paycheck.

If your numbers are accurate by buying this you would instantly have some equity in the building which is a great thing.

Set up some Keyword Alerts for some terms like " Texarkana" "Arkansas" and "AR" so when those terms are ever brought up in the BiggerPockets Forums, you'll receive an instant notification.