What is the time frame to file in small claims court in colorado after landlord has notified tenant they owe more than their damage deposit?

I tell him I'll buy it for 45k, then I sell his house to Bill Nye for 50k and collect 5k for myself.

I ended up offering $620,000 and he said he will think about it but did not seem disgusted with the offer so I'm starting to think I offered too much.The property right now is collecting rent of $7,100/month and he uses the commercial unit and also one of the studio's for storage so that would be approx another $1900/month in rent.

So if they're supposed to get 10K keep 5 until they're out so if they don't leave then you start collecting their "rent" out of that and start filing your eviction.

Out of that $540 you're paying:TaxesInsuranceUtilities (at least when vacant)Legal costsCPA costs (or, higher taxes if you try to DIY your taxes)Vacancy (even if just for a week or two during turnovers)Routine maintenance (inevitable, stuff really does break)Make ready costsTenant damage in excess of security depositsCapitalThe 50% number is well supported by large data sets.

Another bit of data that will be useful.

I usually charge a $300 pet cleaning deposit, so if I do that and not collect the extra per month we're talking a difference of $60.So, thanks for reading all of that, what would you do?

You need a full pre-approval, where an underwriter has reviewed all your data (tax returns, cash reserves, etc.) and said it's a go.You do NOT want to get stuck in a hard money loan.

It's customary that default will award 10% of the sale price for or as liquidated damages and if not paid upon demand the party in default agrees to pay costs of court, reasonable attorney fees and collection costs, so defaulting can get expensive.

If you have a joint bank account as an unmarried couple, thinking you both contribute to pay expenses and collect rents in it, the other person can empty the account and leave town and you don't have much recourse.