You can not lie without facing action from the court (jail time, etc).Having property without a lot of equity visible will discourage folks from suing you but it will not stop people who want to move forward in any event.Similar to trust agreements where they reduce the chance of a suit but they do not directly provide protection.

Just tell them that until an agreement is reached the notice still stands and they will face a court ordered eviction if they do not address the complaint in the notice.

A "how to" would be a challenging project.

On more than one occasion I was directly challenged about this.

so then, I should assume that I not only am dealing with the intrinsic challenges of find and working a "real" deal, I also then am to expect even less pay-off because I have to find someone that has the credit, in turn expecting a return (which further eats up my return)??

Searching for small problems are fine for me, but one challenge is checking for serious "oh goodness, why didn't I see that?"

I don't know the market that well in Colorado Springs, but I suspect its challenging to get a truly good deal, just like here in Denver.

My question is what have you done to make yourself stand out from the rest when going after the homeowner who is facing foreclosure?

I think my main challenge is to find contractors that can help for such rentals.

What are the liens face value?