Craigslist Fair Housing has a great summary of this information for youObjective criteria: You can (however) have objective criteria that must be met in order to qualify for your property.

@Teri Waldrop What is your goal/objective?

I agree with Rick, frankly, I can't see a "calculator" taking the place of a logical approach that requires objective thinking, there are two many variables that can not be plugged in as a simple formula. 

The objective is to realize an investment gain which may be a challenge when its time to dispose of your RE condo. investment with fees & taxes.Like State & Fed capital gains, ACA (Obamacare) , depreciation recapture, RE fees, Closing costs and the like.

Since you're not the first person for which it occurs to dolicite the family of a deceased owner, you probably ought to slow down the sales conversion process.Your objective is to become an insider to the situation and you do that by being helpful, not pitching a purchase.I would re-write the family member(s) and merely ask if you can be if any assurance.

Flipping PropertiesIf the primary objective of your real estate business, or one of your real estate businesses, is to buy, potentially fix up an existing property and resell it within one year, the Internal Revenue Service can consider that to be an active trade or business.

Below are some things you may wish to consider, as to which Corporate Enity is best, for your Business Model as well as your REI Goals and objectives.

I'll let the others who are more objective tell you about pros and cons, that was just a note on semantics.

You should *never* exchange liquid cash for non-liquid assets or objects without a significant cushion set aside to pay actual expenses, and that goes for anything - living expenses, investment expenses, etc.

@Jd Martin, ah, it looks like the vote police have waived their objections...