I know the debt issue is controlled by the board, but I know the PM sways the decisions made.

There is a lot of value to me in controlling that property, for various reasons, such as your issue with the upkeep.

I was thinking of expanding my horizons up North since the Denver market is out of control. 

Open filings are a lot of trouble because ALL of the person's assets, including a house are under control of the Bankruptcy court until the BK is either dismissed or closed.

I'm not sure what type of investing you are interested in but for a fix and flip guy, you can use the MLS/RE agent license to:- pull absentee listings- comps- search for listings- knowing about properties as soon as they hit the market (you don't have to rely on an RE agent)- search for RE agents that focus on the type of properties you want to buy- identify areas that have the highest sales volume (this is where you want to buy when flipping)- get into properties on your own- are able to control the dealHere are some ideas on how to find listing:- absentee - MLS- pre-foreclosure - Listsource.com or newspaper- tax lien - town treasury department- probates - probate court or newspaper- equity leads - Listsource.com

I don't know what positive things one could say about an unfixed cost that you have no control over.

At this point, don't make matters worse ... remember that you are in a position of weakness right now because you can't control the outcome of the court.

This was a neighborhood that had a sale about once a decade, and those homes were always bought first by the neighbors so they could control who the future buyer/neighbor was going to be, a very closed shop.

Remember you don't have to own a property to control it.Good LuckPaul

If you buy a home for 75k and then drop 25k into the fix and want to sell it fast for say 140k it's still possible but you have to be careful as you are placing your investment under the control of someone else's approval.