For the Smith’s to put $4,734 in their pocket from wages, tips and salary, they would have to earn $7,283 in a 35% tax bracket.

You might get a general idea if you look at the online county property lines (GIS) and see if you can tell where the tree is and the part that is down.

Can't see to find one online, and my listing broker doesn't seem to have on on their site either despite having other forms.

Assuming you wouldn't blow positive cash-flow of $200/month on wine and barbeque you could have that reinvesting and earning a return. 

Your money will be earning less than in a GIC and your valuable investment property becomes a liability. 

@Fernando CardonaThere are a couple of items to think of here.You might be considered in the business of issuing money.The pro is that the interest on the loans you borrow from will be deductible against your income.The negative is that your income might now be subject to self-employment tax.You should think of the money you earn from a post-tax perspective.if you are borrowing at 6% and lending out at 10% - you are only making 2% if you are near the 50% tax rate(fed income tax, self-employment tax and state income tax).Depending on how diversified you are - one person not paying you back can make you lose all your gains/income

Things are very different in person then they seem online, x100 for someone from CA going to say the midwest.

You'll be able to find out how much a bank liened when the property was sold and you could probably estimate monthly payments since then- just use an online amortization calculator.

Do you go to a physical auction or buy online from sites such as auction.com?

I typically spend up to 20% of my commissions on lead generation online and off.