It also feels like a little bit of analysis paralysis on your side... lots and lots of reading.  

We see it all the time with the conversations on what cars/vehicles folks drive :) here in BP there is a badge of honor to drive a 20 year old 250k mile car/truck :) Myself I saw my dad do some of this although he never got to the utra wealthy stage by a long shot but made good money in RE however it was not until he bought old style timeshare in Maui that he would finally take a vacation..

The sales comparison approach is typically done for residential real estate and will be less appropriate and come in under value because there are no good comps, and even an appraisal using the income approach (unless the appraiser is trained to do more complex commercial appraisals) is probably not going to be the most accurate either because they typically use market cap rates and in this case you don’t have good comparable income properties to find the market cap for the analysis.  

New build maybe a bit aggressive getting into real estate unless you have a builder as a partner in a deal to see the full steps or stages that go into new builds.Why new build?

First, I'd suggest getting familiar with the basics of real estate investing—property types, financing, and market analysis.

I provide free rental analysis when you're trying to determine potential rent values.

Hire an experienced real estate agent (20+ years in the biz) to run a market analysis for you.

There are a multitude of roles, stages, and responsibilities for each and every unique project.

For 1 property, its a cost/benefit analysis in my opinion.

It’s exciting to hear you’re looking to scale up into larger multifamily investments—financial independence is a fantastic goal, and it sounds like you’re taking the right steps to get there.It’s great that you’re already focused on assembling a team and diving into market analysis.