If you both OWN and OCCUPY your home for 24 months of the last 5 years you receive an exclusion on the gain of $250k if single, or $500k if married. 

@Dan VasileNormally, when you get to properties that high in value, you will likely not cash-flow; however, they are more likely to appreciate in value.If you lived in one of the properties for 2 out of the last 5 years, I would consider selling it to get the 121 exclusion.

If it’s worth $230K, enter into a contract giving you exclusive right to purchase at $200K, then find a buyer at $230K.

If you find a good agent you should work exclusively with them. 

If this agreement is an exclusive right to represent and prevents you from purchasing properties from other agents or on your own, don't sign.

The income is not classified as rents from real property, and is therefore not exempted from UBTI.https://www.irs.gov/charities-non-profits/exclusion-of-rent-from-real-property-from-unrelated-business-taxable-income

Yes fee is typical.No you must offer in the manner the bank has set up, whether its auction, mls, newspaper add. 

In a typical condo, you own Nothing outside the walls of your unit....you actually just own from the interior of the walls inward, unless you have some “exclusive use” of outside areas.

Some person has filed an affidavit that constitutes sworn testimony as to the fact that they are (were) in possession of the property and claimed exclusive right to the property.  

It’s these types of agents that I’m happy to let them have buyers commission to represent me but to sign a 3-6 month exclusive buyer agent agreement is stupid.