Jeffrey came out and gave a thorough look at the foundation, attic, and entire house and put our minds at ease.

Also, in the spirit of learning and networking, do you mind if I shoot you a private message?

Keep in mind title insurance companies differ in what they can and will cover. if one doesn't cover it, perhaps another will.

What was your intent when you purchased the property (note: you can change your mind from intent to buy and hold to flip)?

Assuming Colorado is similar to Wisconsin in adopting existing leases upon purchase (I have no clue if this is actually the case for Colorado), you'd essentially be adopting the lease you created.Again, this is not coming from experience and isn't legal advice, just the initial idea that came to mind while reading your post.

,  I spoke to auction.com agent and explained I do not want to proceed with the deal and I understand it is as-is, but I apologize for change of mind, and did request for return of EMD.   

Dig in to understand all the variables at play and why you should run a particular play at a particular time.A trained mind is better than any script.

We have finally gotten settled over the last year and I am ready to start my local networking and meeting like minded investors. 

We are RE investors of many years in Calgary and are always excited to talk to like minded individuals.

Keep that in mind when you are practicing real estate.