My advice skip single family or duplexes or anything near the water...

Generally, fewer buildings will likely be less expensive - especially for water, power, gas, ISP hookups.

Age of home, exit price point range, block or stick construction, etc., etc.. 

I have already made some great connections throughout the Front Range and hope to make more! 

Frankly at this point not much. once you miss mortgage payments your credit is hammered.next worse is to actually have a foreclosure .. not sure if deed in lui piles on or not.the benefit of selling to an investor is they should get some money to do it.if your not offering any money and just saying its going to help your credit your not going to get very far with that strategy. and if they are under water to where they want to give them back.. why buy them at all .. you would want to try to do a short sale so you got some equity.

What price range are these in?

It also appears the commission rate averages around 5.X% for my location where as normally they range for 6-7%.Let me know if you guys have used them and what you think.Thanks!

Our congregation has about $30,000 to put down on the home but the monthly payment would still be out of our price range if we went the conventional bank loan route. 

You may also have to deduct costs like: "Common electric bill", water bill and sewer bill.

@Amanda B. two things I don't understand:- The source of the water damage.