Here's a summary of the economics.They purchased the property for $280,000 in 2004.The loan balance is about $178k.Monthly principal and interest payment is about $1,265 with $709 currently going to interestProperty taxes are $4,116 annually and insurance is $1,000.Currently the house is vacant for the sale so there's no rental income.Therefore, the monthly burn is -$1,135 (ouch).For the sale:Property was originally listed at $335k and they received 0 offers at that price. 

Let's assuming that after backing out commissions from a sale at $520k, I use that since price since that would make it a 6.4% cap, then I net a gain of $155k, then I'd need to target a cash on cash return of 6.1% or higher (my current return on equity). 

This might be a stupid question but what happens if I have purchased a property from tax deed sale with a lien that I cannot afford?

If I have multiple people vying for this property, is it legal to increase the asking price for the rent the same way you would do with a sale?  

@Douglas Miller Big question is after you fix it up will you be listing with an agent/broker or selling FSBO (for sale by owner)?

Associate Brokers can run offices for brokers and manage people, Sales persons are employed at brokers.  

Im a single person...I have never 1031 exchanged anything before, so not sure if id have to do this to buy another without owing a ton of taxes or could i sell it and just be safe of paying capital gains with the sale being under the 250k for single limit?

I market to pre-foreclosures & sheriff sales btw...Each state has a real estate commision that says what you need a license to do. 

Best alternative to the traditional sale side of waiting on commission.

I am trying to obtain an electronic version of the Maryland (MD) Residential Contract of Sale form that can be completed electronically on my computer.