Lots of people dont think rationally that you are an investor and the current rents are under market rate.

Selling for profit and/or returns and creating a smart exit strategy is the hard part.Your analysis is a rational decision process.

Don't listen to people who rationalize poor cash flow in their markets.

Most rational indivulaes recognise the added risk of pits.

If there were 100 dog owners (of which I am one, and have been for years...along with many in my family), all having the same breed of dog, and 75% of them bit someone and caused great harm, the 75% would never buy that dog again...and warn other about it.The 25% would rationalize that because their dog didn't bite anyone, that that breed was perfectly safe...and the other 75% were wrong, and probably dog haters.

Be straightforward, calm, rational, and give folks a path to compliance and a mutually beneficial solution.

@Michael P.Instead of looking for holes in that plan I think it would save time to look for the rational, well thought out parts...Hold on still looking.....Still looking.....Yeah I’ve got nothing.If the market crashes that bad and real estate values get more than cut in half your best bet is probably bitcoin.Good luck predicting Armageddon

Not at all, you are acting in an economically rational way and it sounds like you are being a responsible property owner.

My logic is that no rational person will ever pay more in back taxes than the property is worth.  

Y You're rationalizing a poor deal into a good one.