I'm getting frustrated by this entire process, as there are barely any properties that have numbers that work as is, and the ones that do seem to get crushed around year 2 by a reassessment. 

The catch is, they have the option to renew for another 50 years at the current lease terms, which barely covers the property taxes on the land. 

I barely made it this time.

Things I am considering:Painting all of the colored rooms a neutral color.Re-wording the ads to make them more appealing or to include more information.Lowering the rent by $50.Raising the rent by $200 or so but including gas/water/electricity.Getting a storage unit for a month to hold everything but the bare necessities so that the home is more bare until we can move.Here is the listing.

You remember that you just barely qualified for a $160,000 purchase of a single family one day earlier.

So they stretched their budgets to the limits and bought a house they could barely afford. 

Buy for long term equity and appreciation; they are OK with barely any cash flow if it's a great location and a quality asset.5.

Purchase price: $25,000 Cash invested: $25,000 Sale price: $45,000 Purchased bare land at a tax deed auction.

Bare with me not as informed as the laws per say but I would think the lawyer who does things in NC and is also the hud closer would know what he is doing.Alex

This story happened a few years ago and the AC still works great with improved ducts (some rooms had been barely getting any air).