You state that everything is equal but are concerned that not everything is equal...It's very possible to see a price spread like that even with comparable coverage but it's also vitally important you work with someone that has your back to make sure you understand your coverage before you'd have to use it.  

The most benefit for Real Estate in the US now would be smart contracts to exchange Title,Notes, Funds (stable coins) since the transaction time is super fast compare to our bank system today.

What if by the time I post there is almost nothing on the market in a comparable location of a comparable quality?

Simple answer is it depends on your market and what other comparables have @Natali Cobb.If you are doing a renovation already, then it makes a lot more sense than not. 

In this situation, I also think you would not be able to finance such renovations because all renovation loans will get their values off of "comps" - meaning, comparable properties surrounding the neighborhood. 

Leverage magnifies return. 3) The effort involved in adding an ADU is comparable or larger than a rehab associated with a BRRRR.

The tahoe STR rental activity is down this year compared to the last 5.

Comparing bids would be a good way to do sanity checks on pricing, If they have portfolios they can show you, that will benefit you a lot as well

I wouldn't go for a condo, as the HOA fees and restrictions could affect your ability to rent it out, and the resale value will always be lower than a comparable SFR.

Has a ten-year-old roof 3-tab, but the condition is more deteriorated compared to its relatively young age.