This is great info - I myself am starting to explore auction properties (properties in my area are astronomically priced and margins are razor-thin for retail).  

Introduce ourselves as the new owners by letter, let them know we will not be raising rents at this time (this is what tenants fear and we want to start off by putting them at ease), and request an appointment to meet with them and inspect the unit for maintenance purposes.2.

It's going to be very hard to get strong positive cash flow on properties in that area unless you're getting them at a substantial discount off market.

I would explore options to get involved locally (partnerships, etc.) before crossing it off your list completely.  

They all pretty much have long term 30yr fixed notes on them at 4.5 - 5.3%.  

You may want to explore the cost to remove the tanks.4. 

A few led me to apartments and that's why i'm here, wondering if I'm not exploring other opportunities that I just don't know about.3.  

I am running numbers on renting them at their original list - though that won't be my first offer.

I definitely have to explore the system that leads to my funnel.it would be great if you could share some of your experience how did you find your deals and what is your favorite way that works to leads potential deals into your funnel?

However, the Denver market has become out of my reach and I am looking to explore other markets in and OUT of Colorado.