Never had any success, I suppose I wasn't clear enough in my pitch, and failed to optimally outline the potential in the investor. 

I checked the permits on the building and have not seen any pertinent to the conversion, so I am assuming it was not done legally or potentially up to code and certainly not with proper zoning approval.

With the understanding that the potential investment (if it is intact a good investment) will pay its own mortgage and some, I do not want to be putting more money down than I need.

A number of home inspectors would appreciate the honesty to talk with you and potentially improve their inspections.

@Ashish Acharya and @Brenton Way Really appreciate your alls input on this, this is something I was not aware of that I could potentially utilize.

Am generally not a fan of inheriting tenants and if I do, I prefer that my lease be implemented, but clearl y that is not always realistic.Thank you though for this suggestion and I am going to try to see if working it from your suggested angle will work here in Colorado.In the end, I want to set up a lease that does not have holes, that an attorney, God forbid we ever have to evict (though these tenants do not seem like the type to cause any issues and I generally am a good landlord and stay away as long as you are following policy, so thus having a detailed lease that covers most all and then just backing off.My inspections are generally once a year, outside of the move-in, move out.I also stay very engaged in the running of my property, thus self-managing as in the end, I strive to provide a place I would enjoy living and I actually live on one of my properties.Long story short, don’t care for the very vague lease that the current property management company has running.Additionally I have little confidence in the way they were managing the property.The property has so much potential but has clear signs of neglect and I intend to change that as I never simply abandon my properties.On the question of current lease, I have combed through it repeatedly and do not see any mention of what happens at lease expiration only what happens when tenants are seeking to terminate their lease, “30-day written notice required”.No stipulation on what is required of landlord at end of lease and/or automatic renewal, both items that I cover in my lease and another reason, why am not a big fan of the existing lease.Leaves out a lot.I prefer having systems in place where there is little chance of misunderstanding, so thus the nerves on this one, but I will get through, thanks to you all for all your great advice!

I'm trying to compile a list from AgentPro247 and was wondering if you filter out properties that are owned by LLCs, as they are most likely other investors, whereby it may be more difficult to get a reasonable price ...

A simple example --  I had given the EMD on one of the auctions, I had won and although we dont get to see the property, I was able to get into the one and saw that there was a potential structural issues. 

I’m faced with potentially exchanging a very good thing for something with a lot of unknowns. 

Assess properties in your chosen market to see if either has potential.