Someone told me there're some new build deals there but the area seems not well-developed and will need some time to get its value increased. 

DCSR loans are easy from a qualification prospective but depending on the market your may need a larger downpayment to make the DCSR ratio work. 

I liked real estate so I got licensed, worked on a bunch of different RE strategies, started developing and managed to get myself stretched thin very quickly again, I basically made the pendulum swing way too far and had to consolidate again to find my path.

I am not sure how a showing did not uncover the attitude of these prospective tenants.

It is less than an acre, but zoned for multi-family residential development (town-homes, condos, apartments, etc) Having never been, I know nothing of the potential in Delta Utah.

I had grown very close to him and had developed a great deal of trust for this person.

I created a Meeting for each prospect and enter their name, phone & email.

This in itself is an understated benefit because its a real pain having to explain to a lender, prospective employer etc. why your name is in the docket. 

Problem is there are probably 1000 lots or more for resale and the developer is still selling. 

I work with similar first-time developers across the country, including helping them find loans for their projects.