Fortunately, I have made a fortune off this place previous to the last few years and enjoy using it on occasion and letting friends and family enjoy it. 

We have another unit (Duplex) where we inherited the tenants and one of them has been nothing but aces and of course the other one is nothing but problems and hasn't paid rent since October 2020 and that's just the beginning, has chased away our contractors, threatened our property management & the other tenants we've been to court to get them evicted and have lost on two (2) separate occasions.

However liens are discussed in other forums on occasion so using the Search feature will cover all forums.Liens are the wild west in terms of how they are handled.

You'll end up paying more than the assessed value most times, but there are occasions when the assessed value is a lot higher than offer price because the condition of the property isn't the best.

@Gladys Pilarski I would get Michael Blanks excel worksheet to determine the value.

I know you may not agree but I have been through this same dilemma on every occasion when we have bought a four plex. 

But, I think that I am going to look back 30 years from now and fill in those blanks with the following places:DenverBoulderColorado SpringsFt CollinsLongmontYou'll have to fill in that blank for yourself.2) Can I afford to cover the mortgage and hold onto the property in good times and bad, based on current cash flow?

I would ask them questions about wholesaling, subject-to, lease options and rentals (if they look at you with a blank face then move on.)As someone else said, any Realtor is going to jump at a guy with $500,000, so do your homework because 95% of Realtors have no idea what "true" real estate investing is.

@jbeard I've read little about turnkeys, my understanding of them are "ready to rent" properties and on some occasions there are already tenants in the property. but how profitable can this be?

With this question unanswered, why are investors (and I've see a lot of the same ones purchasing Condos in this situation on multiple occasions, so I have to assume they are professionals) purchasing these Condos when they know they can't get clear title, and could subsequently be joined as a party to the 1st Trust Lender's foreclosure on the property?