Quote from @Erin Colbert: Quote from @Kevin Lo: Hey @Jeet SanghaYou can put an ADU and a JADU on the property and rent them both out.

You should read it for sure, and as you said it has been awhile since it was written so pricing has changed a lot.

I offered a price based on repair costs and a sale price they could get if they fixed it up (retail). 

Lawsuits run a year and a half or so.

when the OP said the bank is WILLING to take 91k to me that means or infers a default situation and a discount..

Denver and its surrounds have particularly active markets and a lot of active individuals offering ancillary services so I'd suggest you research those available services you're looking at offering to help you get an idea for what is well covered, what is lacking and what your competitor's pricing looks like.

Do you currently have enough funds to pay first month’s rent and a security deposit?

I grew up in the real estate industry watching my father raise money with a PPM for large multifamily value add projects and a developments.

Just trying to get a staring point on how to evaluate a property and a good deal from the MLS before potentially seeing it in person.

Yes, you bought what seems like a good deal on paper, but in reality, you own an old apartment building in a neighborhood with poor security, possibly surrounded by long-vacant shops, streets piled with garbage, and a poorly managed community.