Small lots in a prime location? 

With you being an out of state investor, I assume based off your Denver location, it is vital that your property manager does their due diligence beyond just getting a rental verification.

Your location may also play a factor in this.

The buildling is in a good location but it needs some work. 

Let me know if you need assistance to locate a lender!

While this is a good question, the answer is absolutely location specific.  

Each lot is 1/2 an acre and located near 3 large golf course communities.  

I called the 1 800 number and was told they place victims in housing and find re-location housing for  company new hires. 

Especially a cut throat biz like real estate.

It’s true that it’s harder to find properties that will cash flow once you move out in higher cost of living areas, but overall returns make that a moot point in my opinion because appreciation is also much higher in these better locations.