Some of that material may be dated. But if you database enough of Frank and Dave parks, you can learn some stuff. What they teach is a great benchmark. Once you start going outside of some of those rules you just have to have a really good understanding of the market, the upside, the risk etc. These guys are pros. Im not speaking for them either but i think its fair to change that their criteria changes over time as a good chunk of people who are building portfolios.
As an example, on one of our assignments to Frank and Dave a few years ago was in a market where average house price was 80k . All other metros were strong. It was in the DFW metro I believe… I just checked the city today and its 100k . Thats been a good market and had a lot of other compelling things about it.
My guess is that maybe it was a great deal in a lot of respects if they were willing to say go out of metro etc.
I think when you start “bending” any rules you really have to have a good understanding. The rules that they teach are really wonderful benchmarks. But say you want to look at a smaller park, or average house price 90k , 70k . You really have to take the whole overall picture and blend it together .
Again, I’m not speaking on their behalf , just some of my theories and observations. I remember on one of the calls that Frank called Dave as good a park picker as Lebron James is a player. Im not a Lebron James myself but to love to know what they are up to as I think it makes me a better investor