Once you factor those into the equation, cash flow isn't as important as you probably thought it was.

You would need to factor in repairs and CapEx though. 

Depending on a couple factors, you can certainly get better terms than 14/4.  

I looked at their home and its a beautiful 3/2 in a great area and has great potential to buy & flip or buy & rent.  

Deciding factor will likely be cash flow. 

Will or no will, high value or low value, multiple heirs or a single child, mortgages or no debts, all these things will be factors in determining the complexity of the case.Since you'll need to know the next of kin (either directly or obtained from death certificate) you'll also need to think through what you'd say to someone who just lost a close relative. 

The key factors here are experience (and how well that experience transfers to the property / business structure in question) and relationships.Using myself as an example, I currently own and operate 6 SFR townhomes.

Beautiful high end area of outskirts of Budapest.  

There's many more factors to consider than simply purchase price and rents.

The novelty factor could be a plus in an Airbnb situation though.