@Jeffrey Wong I talked to a few realtors in the area and they seemed to indicate that a lot of the supply up there was going rather quickly with multiple offers.I wonder what are the factors making some sit on the market longer than others (I.e: age, price, #bed/bath) while others are going rather quickly.

Do keep in mind these large vacation home 6-9 bedrooms are very common and there is a ton of supply so you need to make your house stand out from the rest as far as theming goes to make any decent profit especially if you are thinking 600k.

When I search for outdoor storage lots for equipment/supplies to look for comps, nothing comes up except for indoor storage units. 

They haven't "ripped you off" until you have paid for significantly more supply than required for the job. 

We are seeing a wave of people coming from IL for the exact reasons you just pointed out which is driving higher property values because there is no supply right now.

Hi, we are looking at multifamily homes in Bergen Lafayette and Bayonne now, however the supply is very low.

You can't write off your time, but you can write off the tools, supplies, etc.

(Cartersville, Atlanta, Jacksonville, Chattanooga, Burbank, Glendale) [Seattle, San Diego, Phoenix, Austin, Houston, Dallas] I found an abundant supply of properties in Detroit, Las Vegas, Milwaukee and Little Rock around $50k and less.

It’s just supply and demand.  

That would be necessary to do at some point if no bidders open their mouths at the sheriff sale.And if the inheritance tax is supposed to have priority over the mortgage, which is the case according to the PA Department of Revenue and the letter that @Chris K. supplied in that other thread, then the sheriff's distribution can be challenged on that basis if the inheritance tax is not paid out of the proceeds of the sheriff sale before the foreclosing lender gets a distribution.