I grew up in the real estate industry watching my father raise money with a PPM for large multifamily value add projects and a developments.

I offered a price based on repair costs and a sale price they could get if they fixed it up (retail). 

Denver and its surrounds have particularly active markets and a lot of active individuals offering ancillary services so I'd suggest you research those available services you're looking at offering to help you get an idea for what is well covered, what is lacking and what your competitor's pricing looks like.

You should read it for sure, and as you said it has been awhile since it was written so pricing has changed a lot.

Lawsuits run a year and a half or so.

While you can't take forever and a day, because a desirable candidate has choices, deciding too quickly can be disasterous.

when the OP said the bank is WILLING to take 91k to me that means or infers a default situation and a discount..

This is the exact same approach we are taking - information has gone out a few times in our newsletters over the last year and a half, with more details available upon request, along with FYIs to clients at year end or other regular meetings. 

The Teak plantation is about diversification and a fun secondary strategy.  

Do you currently have enough funds to pay first month’s rent and a security deposit?