Surely being an investment guru yourself you know these less than desirable alternatives.

If it's an older building you have to make sure there is a demand and what amount retrofits would cost to make it desirable in today's market.

The main things we had in common were: The powerful desire to succeed.

Since these are other people's money (OPM) I think this can assist anyone who desire to use an alternate to loans.Free Sample *FREE MONEY Sources Herehttp://www.grants.govhttp://www.grants.gov/assets/GDG_AppUserGuide_0207...http://www.foundationcenter.org/getstarted/individ...http://www.fundsnetservices.com/http://www.kn.pacbell.com/products/grants/locate.h...http://www.usa.gov/http;//www.govloans.gov/http://www.sba.gov/SBIR/indexsbir-sttr.htmlhttp://www.sba.govhttp://www.fsa.usda.govhttp://www.sba.gov/financing/loanprog/caplines.htm...http://www.dla.mil/dbhttp://osdbuweb.dot.govhttp://www.sba.gov/INV/venture.htmlhttp://www.sba.gov/financing/lendinv/lowdoc.htmlhttp://www.sba.gov/serviceshttp://www.sba.gov/aboutsba/sbaprograms/inv/index/...http://www.rihric.com/awards.htm_______________________________________http://www.sba.gov/aboutsba/sbaprograms/onlinewbc/...http://www.sba.gov/idc/groups/publi/documents/ba_p...http://www.schoolgrants.orghttp://www.grantsolutions.gov/http://12.46.245.173/pls/portal30/CATALOG.FIRST_TI...http://www.womensbusinessgrants.com/who.shmtlhttp://www.ount-me-in.orghttp://www.libmsu.edu/harris23/grants/3women.htmhttp://www.fundsnetservices.com/women.htmhttp://wwwwomensnet.nethttp://www.ehome-basedbusiness.com/articlesResidential Grantshttp://www.acf.hhs.gov/programs/liheaphttp://www.govbenefits.govhttp://www.rurdev.usda.gov.rhs/http://www.hud.gov________________________________________Unemployment and Emergencieshttp://workforcesecurity.doleta.gov/unemploy/uifac...http://www.salvationarmy.orghttp://www.communityactionpartnership.comhttp://wwwwroc.org/factsheet/emergenygrant.htmhttp://www.dhhs.govEducationhttp://www.ed.gov/programs/iegpsflasf/index.htmlhttp://www.worldstudy.gov/overview2.htmlhttp://www.iie.org/programs.nsep/graduate/award.ht...http://www.ed.gov/about/offices/list/fsa/index.htm...http://www.ed.gov/programs/iegpsirs/inde.htmlhttp://www.studentaid.ed.govhttp://www.rankinfoundation.orghttp://www.aauw.org/fga/fellowships_grants/http://grants.nih.gov/grants/index.cfmhttp://www.ed.gov/about/offices/list/ocfo/grants/g...http://www.spencer.org/programs/grants/research_gr...Raymond Ebbeler AKA the White Hat Specialist

Those "C" and "D" condos that everyone is finding deals on will be much less desirable when that happens.

Here are my thoughts on the properties you are inquiring about and college rentals in general:Ralland: these are in a less desirable neighborhood and @Dylan Vargas is right, someone would need to come in and purcahse and renovate the entire street for these to hold much value. 

At least there is desire to converse, so thank you!

In my negotiations with the seller, I confirmed that his only desire was to walk away with $50,000 from the sale.

As a real estate practitioner in the Colorado Springs market for a better part of the last 15 years, I can recite the obvious...School District 20 has an excellent reputation overall, the north and southeast quadrants are some of the fastest growing and the southwest is largely quite desirable.

Beyond this more technical stuff, one would also need to know what your desired price-point is or at least a general range you're looking to buy within.