We shied away from it after numerous attempts to get a hold of the association and doing some more intel on the area. 

Connect and message me I live in Waco, I can give advice and would invite you to a local meetup where you can meet others willing to help and you can learn from.

After the new year Id like to swing by your office as well if I can invite myself?

In this case the individual if good friends with a previous tenant who was one of my worst tenants ever (numerous complaints from neighbors, police calls, late rent and other drama).

On the course of my travels around the country with work, I see numerous examples of properties which scream potential to me.  

If we are way off on our numbers, then I need to know now, and invite them to dispute my assumptions. 

There is in fact 'not' numerous ways to profit on defaulted notes.  

Proper disclosure to the necessary parties and consulting your attorney is always invited. 

I know this topic has been approached numerous times, but I haven't been able to find a post with a similar enough situation to get a feel for what to do.I recently purchased a duplex in Colorado Springs that needed some obvious work (inside and out).

Up to this point, my direct real estate experience has pretty much been limited to the substantial amount of homework that I've done regarding the real estate investment realm through numerous real estate books, BiggerPockets podcasts, and forums.......So not very much application but definitely looking to change that!