This is an acceptable appraisal approach.Sometimes using simple and common sense is ok way to go.Good luck and don't forget to invite all those who provide an answer to a BBQ ;-)

@Daniel Schlittler can you shoot me an invite too?

In addition to numerous tradition RE related investments (most individually owned but some as LP), here are our unusual investments (both are RE related, but not what is common on this site)- I have mentioned this one a few times on BP, when fracking was just starting to be known to the general public (near turn of century), we purchased mineral rights in North Dakota.  

And after reading this reply (amongst numerous others)...

Search the BP for ADU appraisals to encounter numerous examples.

I just sent you a connection invite.

I got an invitation for a business line of credit through Chase (I've had an LLC for about 2 years and was building up my credit). 

Come to think of it this is the exact technique now taught as “wholesaling” by numerous Gurus.MMM – With inflation this is now 5MMM.

Making tenants responsible for repairs invites poor quality work and possible creation of hazardous conditions on your property. 4.

Biden sent an invitation to South America that our border was open season and people grabbed their family and walked here.