Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

That's why appraisers do the comparative approach and then secondarily the cost approach.So far, 100% of the time you don't get dollar for dollar back from what I've seen.

Has anyone used the FuelPoint lead generation platform? I just sat in on a demo and am curious if anyone has experience working with them. It seems like a lot more of these lead-gen groups are popping up. 

These methods include: Detailed Engineering Cost ApproachDetailed Engineering Cost Estimate ApproachSurvey or Letter ApproachResidual Estimation ApproachSampling or Modeling ApproachExperience or “Rule of Thumb” ApproachIt’s important to understand the differences between the approaches including which one best fits your property and the reliability of each approach.DETAILED ENGINEERING COST APPROACHThis approach compiles the costs from construction and accounting reports to build a report.

Success comes from consistent action and patience, so keep refining your approach and scaling gradually.Good luck!

You picked a great community to join.. have you checked out local comps to gauge the market vibe yet?

@Lauren MerendinoI strongly believe that your chosen market should be somewhere that you can go to in person / have strong personal knowledge of / have family or a network in already.  

We explained why we decided not to sponsor the deal, how you could approach the situation better next time, and what you need to have prepared when you approaching other sponsors in the future.

Buy on market, nothing wrong with that.

To be clear my goal isn't to have a bunch of cash flow Y1 but just looking to break even.2) How could I go about finding markets where MHP are more beginning investor friendly?