To the bigger pockets staff, contributors and community, I really want to say that I am so grateful and thankful for all of the information provided!

Further, they have a team of highly paid executives and accounts on staff.  

Your contractor or project manager should be first on the scene.Rule #5: Expect the UnexpectedNo matter how good you are at planning and executing your vision, things happen.

Has anyone ever successfully executed this strategy?

Read this the other day regarding Donald Trumps recent executive order on examining the affects of regulatory barriers at the Federal, State, local levels on the availability and development of affordable housing. https://www.whitehouse.gov/presidential-actions/executive-order-establishing-white-house-council-eliminating-regulatory-barriers-affordable-housing/The order states that the council endeavors to encourage State, local, and tribal governments to reduce regulatory barriers to the development of affordable housing.Which in turn, aims to increase the supply of affordable housing.I asked myself what effect will the have on the REI space and my first thought was that the increase in supply will cause rent and values to slow down or possibly even stagnate all together. 

They are planning to put a small shopping center in with a hotel amongst other things.My question’s are: 1) How will this affect the value of my condo if they are successful with the execution of this project? 

She closes more deals with wholesalers than anybody in town and there’s an attorney on staff at every title company. 

Appraisals are done after the contract is executed by both parties (buyer and seller).Because hard money lenders have a max LTV that they'll lend, they want to know the ARV as well....

If the market goes up, you lose appreciated equity, if the market goes down, I guarantee the tenant will never execute the option to purchase, no lender will finance a property for more than the appraised value.I would lease and give tenant right of first refusal

People use them though because they have an awesome sales staff and marketing techniques.