I have just come across an investor that is 'selling' her property.  She is basically asking someone to take over the payments.  The property is an eight unit apartment building.  It is 100% occupied, and kicking out $3600/mo.  She has just moved to CA; and would rather not manage it from there.  She owes $305,00 on the property and just wants someone to take over the payments/management.  Also, I'm not sure if i want to flip this property or manage it myself.  I know a little about a lot on management, I'd rather just flip this property.  The property has about $250k-$300k of equity in it (to be verified).  I have some investors that I can flip it to.  I would like to flip it for about $100k if all my due dilligence yields good info across the board. [only $100k because I REALLY have not done much work in this deal] I need for anyone reading this to share everything that you can think of about this type of transaction.   What should I check for, what should be a red flag, any advice whatsoever?  I know some of what to check for but I need the whole of everyone's advice to make SURE I'm not missing anything.  Thank you guys.

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