The sales comparison approach is typically done for residential real estate and will be less appropriate and come in under value because there are no good comps, and even an appraisal using the income approach (unless the appraiser is trained to do more complex commercial appraisals) is probably not going to be the most accurate either because they typically use market cap rates and in this case you don’t have good comparable income properties to find the market cap for the analysis.  

You’ve gained valuable experience from your first duplex and are now approaching real estate with a strategic mindset

What’s intriguing is that he’s doing this entirely with investor money, not using any of his own funds.I’m curious to learn more about this approach.

Owner occ developments there is no value associated to the income approach so these props generally speaking will appreciate a lot more as the neighborhoods are much more desirable. builders the last thing they want to do is sell to investors if they are creating owner occupied communities.. rentals degrade the neighborhood and they will be sabotaging their own values to allow a bunch of investors to buy and rent out in their communities.So when you buy new builds keep in mind if its a build to rent community they will NOT appreciate like owner occupied neighborhoods.. might be best to find something already 3 to 5 years old where the stigma of renters dies down.. that would be best to protect your investment.

approach it the same way you would interviewing a business partner because that is what you will be. 

If you’re looking for a long-term fix, go for a more robust approach.

It’s easy to approach networking with a “what’s in it for me” mindset, but I found that the most valuable connections came from a genuine interest in building mutual trust and respect.

What’s the best approach to establish business-to-business contracts with insurance companies?

Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.

Convention lenders said they are OK with this approach, but in PA not sure paying the transfer tax twice (once at sale and once at transfer into LLC) is worth the savings on the interest rate between the conventional vs DSCR (just pay transfer tax once at sale).