But path of progress is long term play.One i had in Sonoma CA was just 4 acres I paid 25k for in 95  Never touched it except to mow the grass every year and that sold in 2020 for 2.2 mil took a long time but it was a set it and forget it one.I have one now that is 117 acres I optioned in 09 for 5 million  and we are looking at offers right now for 17 to 20 million and the way I structured the option 100% of my option payment reduced my strike price.. so interest free loan..

Does this not strike anyone as complete and total bs? 

There isn’t a wrong metric to look at, every investor has different goals so if you lean on one that’s fine, but we always recommend analyzing all the return metrics to create a full story of the property and strike a healthy balance between equity multiple, IRR, and cash returns.

And strike through the section(s) that you don't like, since it shouldn't apply, and have both parties initial alongside the strike-through parts.

It also reveals how important it is to anticipate shifts in the market as they can make a home run into  a strike out if market conditions go against you.

His isn't baseball there is no 3 strikes your out in REI.2) call that annoying tenants bluff.

Then, it's just a matter of being ready to strike when you see that deal come up where the numbers make sense.

I picked one up and used it as a rudimentary blunt striking object. 

If you tell a banker that you're getting a line to do flips, that's strike one and strike two right there.

The more you learn, the more informed and confident you'll be in making investment decisions when you're ready to strike.