Both are included in the listing, but are on separate tax parcels.  

Rental income from a property acquired earlier in the same tax year can in fact be considered for vanilla Fannie loans.Relevant link to FannieMae.com on the subject.Warrants linking here: How Lender Overlays Prevent Mortgages.

Many investment opportunities here as more and more people move away from the high taxes.

Here are the costs to address the issues uncovered by these experts: 1.Wood floor and wall in the middle unit: $44,000 + tax + $2,800 for permit, but engineer report is needed for a formal quote.2.Roof above the middle unit: $8,000 + tax + $800 for permit + ply wood;3.Sewer line outside the building (see estimate): $7,365 total;4.Sewer line inside the building (see estimate): $21,663 total;The total cost plus 10% contingency is equal to $100,000 in repairs that I cannot afford to pay and still be able to fulfill my obligations to you and to the tenants that will have to be displaced for the duration of repairs.In addition, the appraisal came in at $275,000 that is considerably below the $340,000 number.Proposed solution: You will complete all the electrical repairs and ensure all three units are brought up to current code including the outlets.You will have the stucco repaired on the exterior that was damaged by the electrical proof.

I am holding a tax deed on a property in Alabama that ATT is interested in for a cell tower.  

My path has lead me to tax liens.

The taxes went up faster than the rents (until the hurricanes).

The local banks had no clue and wanted a Tax ID number and had never seen a land trust agreement.

The cash flow is great, and the taxes are low.

Regarding taxes It probably wont make much difference.