I'm most familiar with Denver, but those aren't bad numbers....it might be that Greeley market is different.

It may not be as bad as you think.2.

I may have to bite the bullet and pay for an inspection and hope its not to bad that i have to back out of the deal, putting me out of the money from the inspection.

three choices:1) Seller does not yet own2) Seller owned for at least one year3) Seller owned for less than one yearSometimes, the challenging part is entry for Realtors with clients.  

The problem was when they all went bad, there were no safety nets...like there usually are.  

Unless you're buying in bad neighborhoods or bad properties.

I agree with Brian's recommendation that when you compare SD IRA and Truly Self-Directed Solo 401k plan you will be better off with the second choice (by far!!!).

So bad news, because you are not currently in business (investing, renting, etc.) you will not be able to deduct them as a business expense under section 162.The good news, because you have decided to go into business you will be able to elect to deduct up to $5,000 of these start up costs under section 195.  

(9% NOI can be good, or bad, depending on factors you haven't told us)...

There are charities and government services that will help people in bad circumstances.