The quitclaim deeds erroneously indicate that the heirs received unbiased counsel regarding their options (but sheer ignorance may account for their approving that statement).  

When this indicator peaked, it’s a 3 year indicator of recession.

Asking for bi weekly payments is a indication that she is approaching her financial breaking point.

You have a police report indicating threatening behavior.

No special assessments or indications of anything  significant upcoming.Purchased in 2011 for $46k (foreclosure)Current value: $200k + (comparable units, in great condition - mine is NOT in great condition)Current mortgage: $27.5k @ $75/monthHOA: $323/monthInsurance: $34/monthProperty Taxes: $163/monthTotal Monthly expense: $595/month Rent: $900/monthTotal income: $305/monthI own two units in the complex, and plan to hold one of them long term for both the rental income and, potentially, a place for my son to live a few years from now (If you are familiar with the real estate market in the Seattle area, you know how hard it is for young people to find a reasonably priced place to live.

Make sure you have an experienced inspector who also will give you an indication of life span for major systems.I'd create a sophisticated spreadsheet with as many costs broken out as possible. 

Please indicate the pros and cons of your chosen entity structure.Naturally I expect many of you are C Corps, S Corps and maybe some LLCs.

What metrics would indicate a good fix and flip market?

Monthly income (only rents) - 8500 (the listing seems to indicate only a single unit is currently occupied, and at below-market rate).Monthly expenses:property taxes: 1500 assuming this will be 1.2% of the deal value of 1.5M. current assessment is ~330k - https://www.sccassessor.org/index.php/all-situs-se...management: 850. thats 10% of rent, not taking into account placement feesvacancies: 425. this is assuming a 5% vacancy rate (may even be lower, market is hot) but doesnt take mgmt company placement fees.water & sewer: ~415. thats according to city sewer rates and avg water bill. no details in the listing. listing says this is not metered per-tenant.insurance: 375. zillow estimate.

The only indication that anyone is aware that the land exists is the fact that the property taxes get paid every year.