I felt this land would be attractive for a stick built sf, or as a mobile home site as this area has no restrictions forbidding Single or double wide trailers.

Buying a house for 200 k and selling it for 1 million is not illegal as long you are not making false claims,it is sitting on a oil field,the city is going to buy it for 2 million As long as the person has the capacity to enter into a contract without ,mental illness, intimation etc it is perfectly legal.Poor judgment or sour grapes about a purchase can lend itself to lawsuits,but the fact is this is the way the market works .

It's a percentage because $100/door cash flow is good if you paid $50k a door but bad if it's a SFR home that cost $1 million. 

I am really interested in knowing how many investor attract private lenders to invest in there project?  

You will also most likely attract better tenants.

I was hoping the waving of the inspection would of made it more attractive, but that did not work.

Wheat Ridge is growing and attracting some nice businesses.

If you are looking to to lower your monthly rent by buying a condo and enjoying the deductions that go with ownership that is a good plan.The condo board and the owners decide on the yearly budget and capex projects .A good board can hold costs down for years so you don't have to worry as long as you look over the budgets over a 3-5 year time frame Condos are very attractive due to the lower costs and easier care then single family homes If I were you I would keep track of a few properties that you can see yourself living in over the next six months and then decide if buying is right for your situation Never feel pressure to own something if it is not right for you especially starting a new career  and notknowing where you may be in a year from today

I glanced at this link, the proposal is to exempt under $25 Million.  

I am attracted to the low property taxes.