Might be great for the mineral company but not for extracting the most value out of the land.How long you want to hold the land in your investment portfolio makes a difference as well.Definitely an attorney well versed in mineral rights contracts  versus a general practitioner if that is the way you decided you want to go.

I use the analogy that the small investor uses a carving knife to extract as much profit as possible from a particular asset whereas a big bank uses a meat cleaver because that's all it can use and that's all that it needs to make the profit it needs from the large amount of assets it can acquire at the lower prices it can acquire them at.

Rather than 1% rules, which are completely arbitrary, try setting some meaningful and focused investment goals...you'll need to be completely comfortable with where you are investing...you'll never make it if you start out by chasing paper returns. 

A short term investor will have different metrics than a long term investor & comparing the two is not meaningful to either party.

We have tabled the discussion of my compensation - I told him I wanted to wait till I was knowledgeable and productive enough to make meaningful contributions to his business.    

We typically are unable to extract all costs unless we get an assist with market appreciation. 

I haven't seen that catch on in a meaningful or formal way here but with housing and rent prices what they are, I suspect it's happening more and more in an organic way. 

My guess is that housing sees a meaningful dip of say 20-25% within the next 3 years, but that's not to keep me from buying a property that can realize the same 20-25% of appreciation through some sweat equity.

You have to consistently follow up in a meaningful way and you will get deals.

I asked him how did he expect me to extract and record potential clients information without them signing my contract (the one he was hesitating to proof for me).