For rough examples let's say you are selling your property for $750K. 

Do you know the city people for example at building/zoning department? 

For example it does not consider who pay the utilities, obviously if the LL pays all the utilities, the net is lower. 

A national buyer would review the BPO and maybe do some brief online research, but would not typically not know, as in your example, about the sewage issues or extent of interior rehab needed.

For us to guarantee a deal, it is contingent on them making reasonable effort (3-5 hours/week consistently, for example).

My personal example is a one bedroom condo I’ve held my entire adult life - and this is in a top tier market - Dupont Circle neighborhood in Washington DC.

Example: If BAM invests  10% of their own capital into Fund IV (of just the equity raise), that is 15 million itself in just one of their funds. 4.)

For example, this can be adding square footage, adding an extra unit, or adding a pool in a STR market/luxury market.  

For example, with 5% inflation, a $100 basket of goods today will cost $162 in ten years.

Hi @Julie Muse,What a fantastic example of recognizing and executing a market-ready opportunity!