I am looking to buy some non-performing commercial notes.

I don't know CO foreclosure proceedings, but part of this also falls under Dodd-Frank and if your notes are owner occupied servicing requirements apply regardless of the status of the loan, performing or DOA.

The other liens like the IRS have the right to redeem, if they do not exercise that right to redeem they are wiped off too.

Smart guy with a polished performance.

They were non-cooperative and I ended up evicting them both, one at a time, and performing the renovations (and paying lawyers fees) out of my pocket, not the imagined cashflow..

WHY would a seller hand over an almost 1 million asset that is performing to someone with no down payment money or experience??

We have contracted a cadre of licensed tradesmen we know personally, and have hired a PT carpenter to perform much of the non-licensed work.Our ARV for this 3/2 should be approximately $110,000 as suggested by our Realtor.

According to persons I've talked to at REIA meetings apparently I've chosen some tough areas to focus on in real estate investing (buying and selling non-performing notes, bird dogging/wholesaling and out of state foreclosure prop owners with the intention to move into a couple flips and buy and holds by the end of this year).I can't focus on all of them at once and have decided to work the bird dogging/wholesaling and note buying at the same time for the next 2 - 3 months to determine which marketing strategies work best for finding leads and establishing relationships with banks for the states I'm interested in.I've known this person for about 10 years and he is very successful at wholesaling/foreclosure/short-sale/flipping.

I performed standard due diligence on the HOA/building looking at reserves, budget etc.

You need to go through this exercise even if you don't buy the house.