I would bet that the cost of the land is contributing to the $4M cost - although that does still seem high.. but I'm not super familiar with Truckee market. 

I would bet your money is gone and the agreement to invest was fake.

I bet they are getting a barrage of leads right now with many motivated sellers looking to sell their homes to anyone.

Denver definitely is a commuting city, but the surrounding areas also have their own business hubs so lots of them are a good bet.

Many thanks in advance,Victor Talking with my friends contractors in the area... some of this contractor offered very low price for their projects betting to build many units and market changed and they simply started to file bankruptcy... when comparing cost it's common you will find higher costs ... been in this market last few years, houses will start to move again in the next months in a normal cycle (not pandemic cycle) , if you're goal is getting long term rental in place for delay gratification...

DSCR mixed use would probably be your best bet and give you the best pricing! 

Your best bet on background is to run your states background check if they are local and even then some things are on a county level. 

In my experience, your best bet are local, community banks.

I am both an investor and realtor so ideally, your best bet is to find someone like me in the Cleveland market.

Long term play, this is likely your best bet.