Either the houses are too damaged and not worth the repair, or they are priced too high for a return profit.

Christian, the damage has been done and nothing happened beyond the already damaged apartment.

Hello REI's, Im David Pitman.Im a relatively new member and Im looking for connections in the Colorado Springs/Denver Area.I wear several "hats" in this industry.Im a contractor in Colorado but have Licenses for "Public" Insurance Adjusting in TX,KS,NE, & MO. ( I only work for property owners, NOT Insurance Companies)Commercial/Residential restoration and damage appraisals are my specialties.Im looking for connections with investors that need these services.

Again, I think your only issues would come up if there was a 50%+ damage to the structure that would make you conform.

Unsure how quickly contractors could rehab the place without knowing the full extent of the damages, but taking how small the house is into account it should be doable in 3-4 months (assuming the contractors are reliable, of course.)This is all still very hypothetical because I have yet to track down the nephew again so I don't even know if he'd be willing to sell for cheap.

The tenant mentions various leaks in her list and I am worried about damage being done.I  don't know how to move forward.

Contract for me and buyer and or assignment documents and or the double close contracts...I'm looking for the easiest to understand contracts so I don't confuse the seller and also nothing that says CONTRACT on top cause I told them there assignment papers between us.Any recommendations or advice would be greatly appreciated.

My broker told me that's deceptive practices and I can warn them to remove it before reporting to the state and cause them to lose their license.

If they didn't do any damage give them their deposit back.

This is something you should address with your lender asap as this issue causes many HUD deals involving loans to fall apart