The reason funds come into a market and pay retail, is there are not enough "deals" and they are betting that retail or slightly over will work out over time because of appreciation.

Hey @Anthony HornbeckAs you suggested going out and taking a look would be your best bet.  

Your best bet would be to find your local real estate investment group, attend meetings, meet investor one-on-one (this is critical) to hear their story, and read lots here on BiggerPockets.  

It's a cost of doing business.Now, the best use of funds is another question, I'd bet that the average flipper makes more than the interest earned on either of those accounts under management, so let your tax advisor guide you as to the use of funds, not the guy holding your money. :)

If you haven't already, make sure to check out some of the following links to help you get started on the siteStart here: http://www.biggerpockets.com/starthereFind and connect with other BP members that are in your area: http://www.biggerpockets.com/meetSet up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsRead the Beginner’s Guide:http://www.biggerpockets.com/real-estate-investingCheck out the BP Podcast: http://www.biggerpockets.com/renewsblog/category/podcast/The buy and hold deals are definitely scarce in Colorado at the moment but I bet you could go to a place like Pueblo (an 1.5 to 2 hour drive) and find deals that work.

(other than BP, which obviously is THE premiere site for anything real estate!) 

You have your game face on at a very early age and I'll bet that the family member who left you this money knew this too.  

I bet I'd have a lot to learn from you.  

Of course, I'll need all of the info so I can fill out the purchase agreement properly.Who is my best bet to sort this out? 

If the property was not sold "AS IS" then you can bet that the property was move in ready at the sold price.