Somewhat of concern is that the last time it was sold was in march and then it went right back on the market...no further investigation into that yet.1.)For those who invest in the area what advice would you give?  

Seems like you might want to investigate other means of identifying distressed properties and distressed sellers (look into acquiring lists, perhaps?  

I am currently a hands on investor in my local community however I am starting to investigate out-of-state investment space.

Headining off saying I just do Sub-2s or Land Contracts can lead to problems down the road.So, in your investigations here, I suggest you look at the options and then concentrate on what fits rathetr than trying to make your deal fit a particular installment purchase startegy.

http://www.wsvn.com/features/articles/investigations/MI131673/

Property looks good to me but after reading few post here, I am convinced to hire to investigate the property.

We are more geared towards residential single family homes, but this building seems to only require some minor exterior work to be completed, clearly with more investigation needed.

I'm Private Investigator and own two businesses unrelated to anything Real Estate.

There CEO committed suicide and the company is under investigation by the Colorado insurance commission.

I would investigate this further.