Part of the appraisal is an income analysis, but the appraiser still has to reconcile the income approach with the other two approaches to value (cost and sales comparison).  

Your focus on both cash flow and appreciation is a smart approach, particularly given the high cost of living in Silicon Valley.

I’d love to hear how you approached your analysis and secured financing.Thanks!

Unlike a lot of BP publications, it's really more of an extended pamphlet with some good pieces of information, but if it is "the book", it's only because it's the "only book".The chapters are approachable and reader-friendly, but you won't find any nuggets of golden information within the pages if you already listened to the authors' appearance on the BP podcast.

Although my cost of capital was cheap (2.5% 30yr fixed), the increased STR supply resulted in a more hands-on approach by me (better marketing, improving the quality of my check-in hose, services, etc) and this wasn't turning out to be as 'passive' as I would have liked (I've been managing my own LTRs for close to a decade, so perhaps I'm spoiled).

This approach can significantly boost wealth-building potential.Good luck!

-Statistically, it's a significantly better approach than zip codes and we assist with block-by-block evaluations when necessary.

I have had a hard time getting any motivated sellers on my list to even approach and thinking about spending money to get one of these lists.

Doesn't mean the owners are out of the woods, so I plan on trying to approach and see if there can't be some sort of deal there after all.

Our approach is investor-focused, ensuring that each build not only meets but exceeds market demands in terms of both quality and potential returns.I'm curious—how have you found the transition to handling all three aspects of development?