Average price of a home considered REMODELED is $709,000 with median of $612,000.In Renton, the average for fixers is $235,000 with median of $225,000 and remodeled is $412,000 and $370,000.Looking at the median which i believe is a more accurate method, Seattle's ratio is 1.67.  

I want to have more accurate information for these leads.

Insurance is just a gamble. 

You'd hate to knock down the existing structure and then find out you can't build what you want to build.That said, if the numbers you provided are accurate, #2 sounds like the better choice (in my opinion)...

yes, what Raquel posted is very accurate.

Do you think that's accurate?

If it is, then I think you accurately assess the situation in assuming you are out lots of money in cleanup and lost rent, are going to make an enemy, and will have to clean up and then remodel, likely at large expense.

The local excellent agent and PM will give you a more accurate feel for the area from a sales and an operation standpoint, and if you can sell the property at a profit and can readily rent it for a profit, then you've got some golden options!

She was quick and accurate with estimates and getting me policy docs.

In order to be respected, you need to follow through, deliver, leave plenty of margin for the cash buyer, and make sure you have accurate numbers.