Correct, it’s a long process with no guarantee of success.

Start with 1 flip, exit successfully, then slowly scale.

Here’s the bottom line:  Long term success as a real estate investor or real estate business owner requires knowledge of (1) real estate principles (2) real estate finance and (3) real estate law.  

I had a pretty successful career doing that and made good money but, it was not my passion, I love real estate and everything about it the good and the bad.

The success rate will hinge largely on location, type of property, and cost of property.

Network with wholesalers, check public records, and use platforms like PropStream or DealMachine to find distressed properties.Be Cautious: Pay attention to permits, inspections, and local market trends—over-improving for the area could hurt your profits.Starting with a solid plan and realistic numbers will set you up for success.

Hi @Ben Lindquist, The 1031 Exchange Qualified Intermediary is a crucial part of any successful 1031 Exchange transaction.

if you want to see what is worth doing and what is not, look at what the successful investors or syndicators are doing.  

Has anybody successfully bought properties with lease options ?

These are high effort low success processes that pay off big if/when they hit.Good luck!