This will allow them to get the property for cheaper than buying it outright from me because I would sell it for less since I don't have to go through the hassle of getting the tax deed and finding out that neither Edmonds nor Burns want to pay me anything for the property. 5) Sell the tax lien certificate to another investor who may live closer or have more interest in this parcel.6) Get the tax deed and use it as collateral to secure a loan where I could get funds for other investments7) Get the deed and include it as part of the down payment on the purchase of another property. 8)I think I've run through the ideas I've come up with and am wondering if you see any other possible avenues/exits that you would consider?

You can buy cheaper here than in some other neighboring towns, but we all know how that goes - It’s for some people and not others, just like investing in north county is.

@Ali Boone I would prefer a turn key property but if it’s much more cheaper to do a fixer upper I wouldn’t mind that either.

Sounds expensive but it's probably a lot cheaper than an eviction.

If you get a union/organization to train you of course its cheaper. 

I have a contractor friend that is really good and I may even go once or twice a week to be an extra set of hands to make it go faster/cheaper since he wouldn't need to pay me.

Hook up with some local investors at a meetup and find some of their contractors since you know they will be cheaper and quicker. 

Less sexy,  but 1)  rent the cheapest 2br apt you can find and don't be afraid to move someplace yet cheaper if the opportunity presents and it pencils,   2) with a roommate  3) apply the savings to paying off those student loans and building up cash.   4)  take the time to learn,  watch the industry and market,  maybe even find a engineering job with a RE angle.

The main pros are one less thing to break and cheaper to replace (window units).

I check a box and have the homebuyer do an online FTHB course, and poof the rate is 0.25% or so lower, and the PMI often gets cheaper too.