@Matthew Logan parnell are you paying for the damage and getting title (ownership)?...

If you focus on profits you are far ahead of the game.

If you want to live in the house and title it in your name you get tax benefits upon sale (if occupied 2 years as your primary residence 250K if single and 500K if married) gains are tax exempt.

Most are going to require you have skin in the game.  20% to 30% Down payments are common.  

simply do not take anyone's word for this landlock situation.. open escrow get a title commitment and see it it is actually landlocked.. if it is your remedy in the real world. is1. getting a neighbor to grant you the proper easement you will need.2. confirm from the city or county that you can access the property from this new easement..despite common statements folks will make that no property can be landlocked.. and there are remedies this simply is not true.. properties can be landlocked... owners do it to themselves.. not common but it does happen.As for the old house.. sometimes if there is no lead or asbestos fire department will burn them down as an exercise.. ( sometimes)biggest issue in many markets now is the lead paint and Asbestos remediation during the demo.. some areas they don't car.

It's nice to see that there are some local people in the game. 

Usually for the buyer this includes, property taxes, insurance, title company fees, and lender origination fees.I’m not a huge fan of using percentages to estimate these costs.

A good general purpose real estate attorney in the county is Jeff Charlow of Masters title and Escrow in Towson. 

If you sell for 300k, you could deduct re fees, title, escrow, etc. 

Once I receive title do I just walk into a Bank of America branch with the title and ask how much it owes and write a check?