Results of the conversations could be the basis for further investigation.

If you've got some miles under your belt I would say investigate the offer from CityWorth Mortgage.  

Again, anyone with $4M cash to spare and willing to toss it into REI is more likely to investigate something like this. 

For the last few months I have been doing a lot of reading and investigating the foreclosure market in my area.  

I personally wouldn't consider the condo option, however, I'll admit I've never investigated that market.

If it is a newly listed property, never before offered for sale the home owner is usually shocked at the price the agent investigated and offered to list for to get a quick sale.

They are currently investigating why this is the case.I guess i don't really have a question, just wanted to see if anyone had any insight.Thanks!

Might be worth investigating that.Those two items will likely get you back in the black soon enough, you just might have to eat the loss for a year or so.Also, we all make mistakes, sometimes big ones.  

I thought about investigating the "Creative Village" area when I was close by, but didn't.

There just isn't any "big money" investigating the returns for real estate investments in Pueblo that would push the returns down to the risk/return efficient frontier.