I suppose there are also hybrid ways to do it, and you'd probably use different ways for different circumstances, but when sitting down, for yourself, to calculate your net worth, what is the PROPER method?

So you are a sitting duck if you do not have some sort of martial arts training to at least fight your way out.

I know, however, that there are many single homes sitting vacant as well as an aging apartment landscape happening in our city. 

BP market place for lenders Is loaded with these characters. its why they have a big disclosures at the top of it  IE beware lender frauds.I think the folks that get burned by them need to look within.. and realize that if you can't get money from your local HML that you can go in and sit down with and eyeball. then there is not anyone on the internet that is going to do it for you.these lenders scams are old as the hills. my Dad showed me these as a very young agent.. back in the late 70's  money for due diligence never fund. 

With the returns you can produce off of a great deal you can offer returns to investors that would normally take them years to realize in more conventional investment accounts where their money is sitting. last resort should be hard money lenders.

I connected with a man in another state when reviewing a MF, discovered he manages MF, has his own construction company for the rehab/make ready process, then decided to fly out to sit down with him for several hours of eye-to-eye on how we might create mutual value.  

Make many offers often.....sit back and watch the results.

I put all rental income into a separate account and let it sit there.

Unless you have an income of 100 k plus a year, or have a 100 k sitting in your bank the market in the fraser valley is really hard to get into.

Sadly this happens a lot. banks sit on properties due to their own bureaucracy a legal red tape.