This video below has the best explanation I've seen, even though the podcaster is still a fan boy.

However, as I stated before, most investors including most of the folks in that room in the video are looking for returns much higher than what they are typically going to find being allowed via an institutional sale.  

Check out this youtuber video about owner-occupants in areas of Florida having to sell at a loss. https://youtu.be/wpKpwUhPRrA?

I watched some of your videos on YouTube and was impressed.

Also if you burn a seller/broker, its a much smaller world in CRE, you will be hard pressed to get another deal.I did a longer video on the topic!

I actually made a whole video about this over on my YouTube channel Tech Savvy Landlord :) 

Otherwise taking detailed videos and pictures for the contractor to get a good idea of budget should be sufficient to get a realistic budget. 

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

The pics, snippets and videos of influencers living a particular lifestyle are selling people emtpy dreams. 

Of course, you won't listen to this common sense because you know more than everyone else here on BP and will have to learn the hard way.So, recommend you find and attend some local investor meetings or commit to watching all the videos and reading all the material here on BP that you can.Good luck:)