We have a website, we are on Google with Adwords, (spent $700 on that last month) we mailed out over 1,500 postcards to vacant houses and houses that are coming up for tax sale, we have an ad on craigslist, and yet no deals. 

I don't anticipate needing to add or spend funds from the account on any regular basis outside of paying the property tax on the land each year.Anyone have any thoughts on the subject to share?

 $66k left on the loan ($600 month payment with taxes & insurance).  

The 1099 generated for the forgiven debt can be a non issue...if it is owner occupied, and done this year, the taxes are waived. 

Also curious if someone buys property/tax liens and what that is like in Jersey City.

After property taxes and reinstating the loan and doing some landscaping work, I'm estimating there's about 15K equity on the property.My plan is to buy the property subject to and then sell it to a regular buyer but I'm not sure what steps to take to go through this transaction.

I have access to Realist, and there's SOME information you can gather from the tax records, but not all homes have it, and it has proven to be quite time consuming (for example, if it says it was bought/refi-ed at 27k in 2011, I can run it through a mortgage calculator to get an idea of what current equity might be).

Taxes and insurance will eat over half of that. 

taxes?

Mary