An experienced local investor or realtor will typically have a better finger on the pulse of a market and potential of a property, than an appraiser.

I figured that is what you meant haha Brain and fingers sometimes get out of synchronization.

If there are fingers, it may render the property undevelopable after factoring in the 15' setback.

Fingers crossed, I should be OK after selling it and be ready for another opportunity, but we shall see.Lessons Learned:1) Fully understanding the financing of the deal and be liquid BEYOND money down/closing costs.

I have physically prepared as much as possible, fingers crossed I'll get the hang of it quickly..

Folks can't buy due to lack of inventory and can't burrow as much due to high interest rates.2) Over 4trillion sitting in money market accounts and ready to be deployed.3) Fed starts reducing rates 3rd and 4th quarter this year.4) Flood gates open for real estate again and activity starts.5) Crypto boom after BTC halving (Already started last year).6) Stock boom with AI and lower interest rates (Will become bubble IMO like Dotcom days).7) Trump wins office and lowers company taxes.8) War between Ukraine and Russia ends sending oil prices lower and inflation lower.Next 2 years or so we could see a big boom across the board and if we do, I'd start getting worried that in late 2025 or 2026 something was bound to happen.An unpredictable "Black Swan" kind off event per se.So let's see how things unfold but interesting times for sure.Just my opinion mate so take it with a grain of Pink Himalayan Salt lolThanks  my pinky salt also saying that money market money would move to real estate again after they just slightly reducing the rate.we're at pivot in US economy where most real business can't survive 5% rate while all other investment BS like stock/RE/crypto is all at all time high LOL It's all very weird mate and I'm having a tough time putting my pink finger on it heheMM moving into RE but also AI boom."

Look at any thread on this board that starts with someone "new", you have Columbus appearing before you snap your fingers.

BP is a tremendous resource at your finger tips.

Would you rather invest in duplex in CA that breaks even or invest in RE syndication for 2 years that offers you expected 18% annually Example: Duplex in CA costs around $600k, down payment $120k, rent = mortgage payment+real estate tax + insurance (if interest drops by 1%, then expected cash flow could be $200-$300 per month) RE syndication is offering 18%, in 2 years, I can expect to make $43,200 without lifting a finger..The numbers are favoring more towards RE syndication, in the past I have only done rentals never invested in RE syndication.

He has his finger on the pulse on the local real estate market.