If I were a hedge fund manager, I wouldn't tie up that much liquidity in real estate for a bet with too many variables.

Nkechi, I think you'll find that as you look for solutions, there are a lot of different variables and great tools available.

And when you throw in the variables "well over" and "mid"....... the number really could be anything, couldn't it?

My question is: if all other variables were the same (as in all had 3bd/2ba, age, porch, etc.), but the last comp has an extra 700sqft, would you adjust using the price per sqft?

The method was indirect and roundabout, and so the results, unsurprisingly, were nothing as precise as nailing down the value of a physical constant.What the monetarists (or the first of them to be equipped with computers) found was that when the growth rate of the money supply rises:The initial effect is on the prices of bonds and stocks, an effect that comes within a few months.The peak effect on the growth rate of economic activity comes about 18 to 30 months after the pick-up in the growth rate of the money supply.The peak effect on the rate of consumer price inflation comes about 12 to 18 months after that, which is to say it comes 30 to 48 months after the peak growth rate in the money supply.As Friedman famously put it, the lags in the effects of changes in monetary policy are "long and variable."

It doesn't specifically address what goes into a prospectus but it does touch on what to do in the beginning.This is a discussion on creating a subdivision, and the information is also relevant to your question on what might go into a prospectus.https://www.biggerpockets.com/forums/48/topics/722891-how-do-you-start-a-subdivisionThere are so many variables to take land from raw to PINs, but I would begin with a trip to your planning and sewer departments to verify what's possible (zoning, # homesites, locations utilities, sewer/septic, water, etc).

Obviously rent is variable and thus that 50% rule doesn't alway apply but it as mentioned above it is a good rule of thumb.My feeling is as long as you are not totally relying on the month to month rental income, you should be fine particularly if you have access to cash or cash equivalent reserves. 

Primary residence: Owed $6k @ 3.85% worth $515k HELOC against primary: $277k @ 4.0% variable, interest only.

<<< THERE ARE MORE VARIABLES HERE THAN WHAT IVE MENTIONED ABOVE, AND THE DOLLAR AMOUNTS ARE MADE UP AS EXAMPLES ONLY!!

When developing a strategy you have to consider a few variables and how they apply to you based on your preferences:Money InvestedTime InvestedRisk : Financial and MarketRewardSo with these variables in mind you have to really think about what steps you're going to take.