We determined the ARV, estimated our rehab, decided on our required profit, and then negotiated on the purchase price based on that data.

Quote from @Joseph Bushnell: I'm testing out the idea of building a data center and I was wondering if anybody has heard of owning the building and having a third party operate the data center itself.  

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

These systems are becoming more sophisticated and (my favorite) capable, leading to improved user experiences and potentially freeing up human employees to handle more complex tasks and interactions.

Historical data shows that the transaction fees are very stable and predictable. 2.

Don't base it on one data point that is not available :) good luck

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.  

With 2 rentals, i would keep it as simple as i could and one bank account is less complex than 2.  

What if you have an apartment complex with 20 units?

I traded all my RE in for apartment complexes in Ohio and we have won every eviction over there due to the judges being tired of these mental midgets lying regarding Covid and not following the CDC standards on their end.