Experiments with quantum gas microscopes have started to explore the antiferromagnetic phase of the twodimensional Fermi-Hubbard model and effects of doping with holes away from half filling. In this work we show how direct measurements of the system averaged two-spin density matrix and its full counting statistics can be used to identify different correlated magnetic phases with or without long-range order. We discuss examples of phases which are potentially realized in the Hubbard model close to half filling, including antiferrromagnetically ordered insulators and metals, as well as insulating spin-liquids and metals with topological order. For these candidate states we predict the doping-and temperature dependence of local correlators, which can be directly measured in current experiments.Ultracold atomic gases in optical lattices provide a versatile platform to study strongly correlated phases of matter in a setting with unprecedented control over Hamiltonian parameters [1,2]. Moreover, the development of quantum gas microscopes now allows for the direct measurement of real space correlation functions with single site resolution in important model systems like the Fermi-Hubbard model, giving access to viable information that can be used to identify various quantum states of matter. Using state of the art technology the many-body wavefunction can now be imaged on a singlesite and single-fermion level [3-7] and even the simultaneous detection of spin and charge (i.e. particle-number) degrees of freedom has been achieved [6]. In combination with the capability to perform local manipulations, new insights can be obtained into the microscopic properties of strongly correlated quantum many-body systems, which are difficult to access in traditional solid state systems. For example, the hidden string order underlying spin-charge separation in the onedimensional t − J model has been directly revealed in a quantum gas microscope [8]. Ultracold atom experiments have also revealed charge ordering in the attractive Fermi-Hubbard model at half filling [9] and observed longer-ranged antiferromagnetic (AFM) correlations [10,11]. Furthermore transport properties of the two-dimensional Fermi-Hubbard model were investigated independently for spin and charge degrees of freedom by exposing the system to an external field in the linear response regime [12,13], where clear signatures of bad metal behaviour have been detected in the temperature dependence of the charge conductivity [13]. In all these settings, the ultracold atom toolbox can now be applied to gain new insights.One of the big open problems in the field of strongly correlated electrons is to understand the fate of the AFM Mott insulator in quasi-two-dimensional square lattice systems upon doping it with holes. This problem is particularly relevant in the context of the so-called pseudogap phase in underdoped high-temperature cuprate superconductors [14]. In the last decades many works have shown that the two-dimensional one band Hubbard model below half filling capture...