Once you get the property fixed up sell or refi and pay off the balances with the proceeds.

Otherwise, he can sell his units and use the proceeds to pay for the laundromat.

If the landlord is not able to contact the tenant, the landlord may proceed to sell or dispose of the personal property.According to Colorado law, the landlord must give the tenant at least 15 days’ written notice by registered or certified mail, before selling or disposing of the tenant’s personal property.

And you must use all of the proceeds in the purchase. 

@Dustin AllenYeah, this part in the contract confused me a little bit: "...proceeding 30-day period from the execution of this Contract...".

I reinvested proceeds from the rent collected from the first tenant, to spruce up the second bedroom (I call it the nature room) I added a full length body mirror, study desk, a few various wall decors, updated the listing pics (didn’t get to put in service the new comforter and pillows, since I’m still waiting on them to be delivered) changed two small details in my outreach marketing message, and it made all the difference in response rate from the female demographic; since the majority of travel nurses are females, I realized they would not feel safe/confident in booking from, who they presume, is a single male, so I included a profile picture of my gf and I.

I reinvested proceeds from the rent collected from the first tenant, to spruce up the second bedroom (I call it the nature room) I added a full length body mirror, study desk, a few various wall decors, updated the listing pics (didn’t get to put in service the new comforter and pillows, since I’m still waiting on them to be delivered) changed two small details in my outreach marketing message, and it made all the difference in response rate from the female demographic; since the majority of travel nurses are females, I realized they would not feel safe/confident in booking from, who they presume, is a single male, so I included a profile picture of my gf and I.

The search link should be found at the link below: https://www.pacourts.us/public-records/court-case-information

Give proper notice and proceed.

I'm over 50, but I still pass everything through the "Court of Mom".