This complex has 1 coin-op washer and dryer for 4 units, which brings in $100/month.  

great points.. and its what really makes working all over the country interesting.. especially when it comes to title work as you described.. not sure how you folks close in CO  Attorney or Title company.. but in Attorney states your not getting title pulled and committed to in any short period of time. you would think though that if the OP has a pipeline to a great wholesaler in your area that wholesaler takes on the duty of checking title. when I was doing foreclosure rescue in ORegon and Washington ( before it became illegal) we closed many a deal within 24 hours. and or same day.. but of course we took them with whatever hair we had on them and took the risk.. got burnt a few times. but our title plants and our customer service here in our area is over the top good..

I seriously doubt the OP would be forced to accept it.

So I think the OP can expect his property to appreciate if he holds.

Ansersen windows have a 20 year warranty on the glass from date of purchase.Not sure about Anderson, but I think that there is a typo from the OP.

My point for the OP was to be careful and be sure to look into the reasons why the owner had it rented for so low.

But then, you would have had to be pretty naive to have paid $300K for that not to start with.Jon Holdman The OP's example just said what if he were the note holder in an ED situation.

The fate of future Thanksgivings was determined when the op rented to family.Attempting to navigate this situation without an attorney is asking for trouble.

I don't think it's impossible because I'm still working this "niche" for lack of a better word, but it is not easy to find.I went back are re-read your OP.

To the OP question.