first flip with one child and another on the way

[Dan Lake]

First question to the group: 1: first question: So am I mad?? We've made strong money from the sale of our first house thanks to my hard work and our good fortune; and now we find that we have the money to flip a house over the winter. I'm not much into buying books unless it's a book a house flipper will use daily. My example of a useful book is a dictionary for a dyslexic. So if you have found such a book/person/adviser then please take the time to educate me. I will thank you. So the puzzle is: Number 1 GU29 0QY, Midhurst UK. 3 bed house. 101 year old lady dies, the house is sold to a massive property developer (23million + turnover in 2016) who buys it blind at auction and sits on it doing nothing for one year. House is now being promoted for three weeks online for an open day (coming up this Saturday) we have a chance to view and bid before. Second question: Why would a developer not touch it? My 1st guess is no profit but it looks ok number wise. Anyone run into this before and have any advise? Cheers Dan