The valuations on them appear to be completely arbitrary and in many instances the company seem randomly selectedWe had one recently from someone else who provided the opinion and the comps were 7 miles away and from another jurisdiction - whereas this property while in a more rural area had considerable sales that could have been used.If you use them to get an idea for property condition I find them to have some value but since they have no interior inspection reports, they are at best just a random guess of the value which could be off by 100%If you think residential BPOs are useless, you should familiarize yourself with BPOs on commercial property…..First, I’ve NEVER seen a BPO on commercial property that utilizes the income capitalization or cost approach.  

How are you approaching land investments in Paradise Valley and Scottsdale?

If I was approached about 4&5 they'd be looking for a different contractor.

Thanks Zach, I actually like your concept a lot, I have two young boys, a new daughter born November, my wife and I are realtors and I really wanna focus my time scaling our RE business for the next few years so a hands off approach for building my portfolio is very intriguing.  

This approach is more efficient, allowing you to network and find suitable professionals simultaneously.

I, like many of my colleagues tend to opt for the more conservative approach when analyzing tax legislation/litigation.

This approach ensured swift execution and availability of necessary resources, reflecting our commitment to facilitating successful real estate investments and maximizing returns for our partners.

They prefer a consistent return based on a 20-30 year triple net lease with income jumps every 5 years.Yes, for investors who want RE speculation with little to no current tax sheltered cash flow your model would be preferred.On the other hand , a safer passive investment approach emphasizing cash flow and cost segregation tax saving benefits that don t fluctuate, makes investors happy by getting a 100% ROI after 3 years.

Essentially, should we take this step-by-step approach rather than jumping straight into being landlords?

Take your Home Flipping due diligence approach and apply it to this model.