We did quite well in the Timber game in the 90s Owned many thousands of acres of Timberland during that time its a great industry one of the favorite things I ever did beat the heck out of rental houses LOL

In terms of maximizing your returns you want to compare the interest to an alternative.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

The Sampling Method is typically used for properties with nearly identical blueprints such as fast food chains or nursing facilities.EXPERIENCE OR “RULE OF THUMB” APPROACHThis approach is based upon the specialist’s experience in the industry and their ability to estimate the costs.

As a Developer and Investor in the Rawland Development and Glamping Industry.Also have AI Technology designed and developed for STR Industry.

The 2nd person really liked the house and even mentioned how nice the rehab was, relative to comparables they have seen.

How are values changing compared to the rest of the local market? 

Study the original business plan and why it has gone wrong and compare it to the new business plan.

Chicago has such a great investing community compared to most places in the US I have visited!

Do you think its helpful & necessary for upskilling teams or is the industry not in need of it?