Lots of good info can be found lower on the Redfin listing page with comparable available and sold properties.I'm in Snohomish county and there are REI deals here outside the cities - I avoid the city of Everett like the plague that it still is. 

For commercial what type of net worth qualifications do you look for compared to monthly rent and what sites do you use for criminal and credit checks?

Building costs are high compared to the returns available in the "Disney"/Orlando market and existing properties come with all the issues listed by @Daniel Karbownik (all of which are only increased by the oversaturation of these types of properties in the area).

Perhaps market values had gone down and they found a comparable (or the same) property at a lower price.

One thing I'll add is to make sure to compare apples to apples when it comes to rental demand.

They can have a bit more flexibility compared to the large nation wide banks/lenders.

That's the nice thing about multi-fam, you can usually maintain some rent coming in, so it's not quite as worrisome compared to single family and single rent check coming in.As @Brandon Turner said, check out the free ebooks on here and even the paid books are well worth the money. 

The taxes are exactly the same and if you compared the two side by side, there would be absolutely no difference between a sole proprietor and an LLC except that lines C and D are filled in on the schedule C with the entity's name and EIN and the LLC will have an additional expense each year of "Business Licenses and Annual Filing Fees"There is nothing wrong with a disregarded entity and there's no reason to go to extra lengths to have it file its own tax return, but if you're bound and determined, here are two options.1.  

The price represents the quality of your neighbors and demand for those properties. 7-10k purchase price plus 10-40k rehab....Compared to a decent place that is what?

I hope to keep using owner occupied financing, but unsure which is the best strategy since banks require me to put down 15% on a multi-family property compared to 3.5% on a single family residence.Interested in opinions on this, or other ideas....