For Livermore, the activity is slower compared to the general Bay Area so you would need to be more cautious on picking the right property to flip, and the margin has to be large enough for it to make sense.

This allows the GC to make sure they are comparing apples to apples.

As I’m sure you know, Las Vegas is SUPER cheap compared to most of California, Miami, or NYC.

Are you comparing a Triple net lease to a managing a STR?

This is what active renters look at too which is why I believe it tells a better story of what rents are currently at compared to other sources. 

Inventory has held steady at around 5-6 months for some time now, with roughly 4% more active listings on the market in the metro now compared to November last year.

Use one of your free 10 reports on Rentfinder.ai, in addition to the standard comparable analysis from Zillow.

For example, if you have no experience in land development - that is extremely complex and risky compared to owning NNN rentals. 

We also have pocket listings like the one she is mentioning but I would ask to see some comparables to make sure the price she's asking is what it's actually worth.

Look them up and compare as you go.