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). 

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.

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

Lawsuits run a year and a half or so.

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?

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.

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.

I have STR investors in Florida making 25% cash on cash returns, long term rental investors picking up properties directly off the MLS and cash flowing day 1 in various states, and house hackers completely removing their housing payment from the picture allowing them to save for for the next property.The beautiful thing about real estate is there are so many ways to succeed and a plethora of strategies depending on your comfort level and how active you want to be.