From what I can tell, FTF did a poor job of monitoring the progress of the project and released funds to the developer when they shouldn't have.  

They just broke ground on Nevada's first vehicle manufacturing facility out there to build and develop the Tesla Semi Truck! 

@Ray HageI agree as I would stay away from condos as between special assessments and increase of fees, what is the risk vs reward.Many of these buildings are run by people who are not property managers or have development experience and lack the knowledge to properly run the propertyAlso many don’t realize that on older buildings your initial estimate will be 30-50% less once the work starts, especially on older concrete buildings that are susceptible to deterioration due to the weather in these areas (especially the salt)

Also, focus on markets with strong job growth, affordability and economic development.

The population is growing, the job market is growing, and there are so many major companies moving and developing out here like Intel, Amazon, Google, Meta, etc.

What is this developers fee I see talked about?

A couple big-time development projects has recently gone underway (expansions of  hyper-wealthy member clubs)we're looking to expand into a couple new markets, but we are entirely open to other locations.So I guess my questions are...1-is there a hands-down, by-the-numbers, best location in the US to invest in 2025?

If the lender won't budge you can always refinance the parcel containing the existing home and remove the developable parcel from the new loan request.

I did a investment lending to a company for land development project.

Now really looking to develop and new builds.