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In this video tutorial, the presenter demonstrates how to create dynamic sub lists in real estate financial modeling. They show an example using a single tenant net lease valuation model, where a property type input is linked to a dynamic range. The tutorial assumes knowledge of creating dynamic ranges and applying them to data validation lists. By selecting a property type like retail, the user can then access a list of corresponding retail sub property types. This tutorial expands on previous techniques and focuses on creating and utilizing sub lists within the model.