For example, I expect artificial intelligence and other "science fiction" technologies (such as construction-grade 3D printers) to have a huge impact on real estate.

Found it on the MLS using a Realtor at Village Real Estate (would highly recommend if anyone is looking for an investor-friendly Realtor in the Nashville/Franklin areas of TN!)

I'm sure I'll have to check with my local village.

Treat the sellers proforma as a work of fiction until every line can be verified/supported. 

Pro Forma is science fiction in my book. 

One's on Dixy highway about .3 miles North of AtlanticI've just made LOIs to a couple properties in North Palm Beach (cookie cutter 1970s stock buildings some semi-value add),  in Singer Island (short term and long term rentals), Hutchinson Island (ari bnb type high cap 8-12% but seasonal), Lake Worth (some are near Military trail 1980s-1990s stock), Several in Fort Lauderdale (B- to B+ buildings in victoria park, flaglar village C buildings w value add, lakeridge , ), Hollywood (where I have some units already), and a Deer Field (off market 14 unit (semi turn-key B+ building, 2/1s,  studios, and 1/1s $2.1m deal on beach)Above are Priced all over from $1.23m and up to $3.4m6- 24 unitsMost are 5.5 to 7 cap (some are 5 caps operating with potential for high 5s but others are 6 caps [B to B+ locations with C+ to B+ buildings] with potential for 7 caps  [working class C to C+ locations with B+ buildings]B areas and some C (working class/ suburban/ruralish vibe like Davie used to be)but safe neighborhoods(I'm so rushed with limitted time so my posts are gonna be sporadic. 

In summary,  the example in the book is useless, for it's vague and unreasonable, much like all of his fictional books.

If you are out in a village area - you are missing some serious CapEx numbers.

if you have tons of family in Sacramento I would get your license there and sell to your warm market.. you can do that part time that will help U save money up.. houses hack is the way to go on the West coast as a beginner that's my thoughtMathew  I built out the Village at Rand Road and about 5 other specs there in Hood River.. can you ping me I would not mind taking a look at whats happening there today.. not have a great GC has kept me out of the market.   

:-)(for e.g I have 18681 Northlawn tenanted at 1200 per month which I bought for 41,000 in 2017 and now even the conservative Zestimate has it valued at 128,000)In fact, since some of the prices have soared so much in certain pockets, like Bagley, Rosedale Park, Uni Dist, East English Village, we are no longer buying in these "Bagleys" anymore and are sniping at the next domino effect markets which are the next in line.