They will be completely biased towards their client and will not (or should not) give you advice.

With the costs of lumber and labor right now, I don't see tear down and rebuild as a good option, as long as the structure is still in good shape.I'm biased because I dont want to mess with new builds, so I walk away from those deals. 

I was expecting more of biased toward REI.

Cash flow, appreciation, ability to force equity through refurbishment, better deal making (short sales, wholesale and other things that are not really buy and hold) can all be used if that is what the market will support and you really know you can ride out corrections.So, when seeking advice as to what people do understand it comes with a bias which can be very much a reflection of the market they operate in.

Jason also is not mentioning the biggest variable to controlled experiments that is affecting climate science today - researcher bias.

Thanks for the thread.I agree with much of what was said in the article, but it is rather biased in that a broker may deal with several mortage bankers and collect only one fee for the orgination of a loan.

Remember most of what you read here on BP is U.S.A. biased.  

Like Pavlovs dogs salivating by just hearing a bell ring, investors who have only experienced a bull market or lower interest rates are subconsciously conditioned to have a long bias.

Joe Splitrock True, I suppose just my bias against minivans showing through.

That will do several things for you, 1) insulate you from knowledge risk, 2) test out your team on a small project, 3) give you the confidence to continueI have a bias for action so I would go out and start trying to find that first deal.To address your plan of action:1) Learning is always a good thing as long as you eventually step out of the classroom and into the real world2) Like I said, I have a bias for action, so from scratch I build my team as I need them.