They are used widely throughout the U.S. and I've used them for 12 years in Texas; buying, selling, borrowing with land trusts and using title companies and had few problems. 

The amount of equity in each property could vary widely, depending on financing in place and property value.

I want to buy a lot in the outside areas of the city and flip it, I do know that I might have to wait a couple of months or 3 to be able to profit from it since its a very wide area and there are not many homes being built there.

A lot of the properties in Allegheny County haven't sold in decades so a lot of times they are assessed at what they sold for last.One of those taxing bodies has to appeal the tax assessment to get the property taxes raised, abesnt of a whole county wide re assessment on every property. 

THe lists we go after are Absentee Owners, Inherited Properties, and Tax Delinquent Properties.I'm trying to determine if I should continue this wide but shallow strategy or maybe cut back on a few of the cities and dive deeper in the remaining cities.

THe lists we go after are Absentee Owners, Inherited Properties, and Tax Delinquent Properties.I'm trying to determine if I should continue this wide but shallow strategy or maybe cut back on a few of the cities and dive deeper in the remaining cities.

And as much as I like those neighborhoods I'd steer more towards up and coming areas where cash flow is easier to find and where you can buy something a bit distressed, force some appreciation, and where there's hopefully further neighbhorhood-wide appreciation (at least if you're willing to hold).

But it is very unlikely that there is sufficient value to reduce the demo costs more than maybe $500 or so on something like a single wide MH.

@Mason Jenkins Commercial can mean a pretty wide variety of property types.

The ordinance is not county wide.