That post caused 100 pages.  I can't find it (sorry, I suck at using BP).  I think there were a few people who questioned if it was real or not.  I even reached out to him to see if I could help with off-site advise a...

I have a tendency at times to get ahead of myself but I do want to strike a balance with being realistic. 

Though many of us have collected rents in April, now that May 1st is rolling around and a lot has happened in April (with stimulus checks, the SBA PPP program, EIDL, unemployment etc) and also all sorts of information being thrown around such as rent forgiveness, rent strikes etc.

It is hard to be patient but that fat pitch is easy to hit and you won’t strike out.

My landlord has take a hands off approach to this whole issue.Today the male neighbor threw garbage at my wife (which did not strike her) when I was in the garage and she was in the aforementioned ground floor pathway. 

--PlatoMy formula for success is rise early, work late and strike oil.

I guess you never know in Texas if you might strike oil or something.

Then COVID-19 hits - and BOOM, markets tumble and our economic future looks a little (understatement) more uncertain.  6 months ago it's understandable to think that, with the market at its peak, diversifying in real estate was the prudent move - strike both sides while it's hot!  

Be sure to connect with people and strike up conversations, especially on phone calls.

Given a targeted pre-tax margin of, let's say 15%, a developer would implicitly be willing to pay (3.8M x 0.15 = 570k) --> (3.8M - 1.6M - 0.57M) = 1.63MUSD, i.e. 830k above the plot "strike price" (hence this amount represents the implied valuation of the SPV).