He has an ability to captivate audiences whether live or recorded and has influenced many to take risks they thought impossible before. 

Knowing the renovation cost would have a major influence on this deal.

Lenders are required to order appraisals from an appraisal management company (AMC) and are prohibited from using any means to influence the appraiser's opinion of value.

An appraisal mitigates the influence of emotions. 

GDP, Jobs reports, Fed rates adjustments all influence the cost of money (aka long and short rates). 

So its happened before.We have false markets again in many markets.. and much of this created by the out of state investor seeking yield... if no out of country out of state or out of area buyer ever bought a rental in any mid western market  and those markets were 100% relying on local investors your values would not be were they are today.. they are higher because of highly organized and funded marketing campaigns to bring in investors who would without these outside influence's ever have looked at those as possible investments.. its the CA concondrum,  Same with Australia were they bought literlay multi thousands of US sFR's because average price of home in Sydney is 900k or so.. same thought process.  

Hey guys, I'm putting together a comprehensive list of the best Real Estate books (investing, development, strategy, psychology, influencers, ect.)

I'm heavily influenced by several family members that had most of their equity wiped out during the last bubble pop.

Also, the market can change, the economy can change, ... outside factors can influence many things.I would say, chose the option that give you the most flexibility.

Real estate "cycles" have less influence on properties in well established and stable environments.