If you are interested in this investing strategy, it is crucial to get the right framework in place.

I know there are frameworks for comparing the relative value of these, but thinking about it is making my head hurt. 

This relates to my today will be a win when framework which I wrote about here:https://www.biggerpockets.com/forums/48/topics/1145014-today...Replace motivation with meaning.

Thanks to BP I have a pathway to learn the ropes and a framework with which to analyze deals.

Having that in paper, at least gives you a framework by which to collect.

Appraisers are held to their own standard and USPAP is just a framework that they work as close to within as they can, especially in the commercial world.  

Different states may have different requirements of liability levels, but the framework seems to be the same. 

With this simple framework, I think you'll be able to work towards your goals step by step. 

I am trying to weave in the framework and tools that the author presented for the purpose of limiting bias and to make sure I am including known and unknown risks in my decision-making.

Michigan may not have the statutory framework that makes them beneficial in other states.The simple thing to do is just get your real estate license and then there's no issue regarding the questionable legality of it.