So, we are trying to figure out quickly if we should go ahead and have me put it on the MLS price it high enough to pay off the original mortgage and the other liens on the property (we don't know an exact number on this, but we think it might be around 30k) and see what happens.

I would go have the seller call them just ahead of closing and soon enough to avoid the cheques going out in the mail and then have you pick them up on the first of the month in person.

Something I have noticed is we tend to occasionally have a tenant who seems to think that rent is due on the first for the prior month.Despite late fees, constant reminders, etc. they will without fail pay their rent one month late.Aside from threats to evict, is there a better way to screen tenants like this out ahead of time?

many properties are listed for sale such that purchase plus rehab is greater than ARV.these properties are not good deals =)but sellers generally don't care - it's not their job to worry about investor formulas.

That is light years ahead of anything we have here in Illinois. 

I will go ahead and ask my attorney ;)

Appfolio is light years ahead, having used both.

So if you're going to do it, either do it sooner rather than later OR go ahead and get that mortgage before you do so.

If they don’t plan to share resources then you’re only ahead on the design and drawing if you partner with them.  

I will provide the counter-argument to the prevailing consensus here...opening up the property to a wider audience of prospective tenants will more than likely get your property rented faster...if your property sits unrented for an incremental two weeks (and you forego one-half month of rent as a result), did you really come out ahead by not offering to pay one-half of the monthly rent to a realtor that would have brought a qualified tenant to the table?