There is of course the agents, the brokers, the mortgage and lending side, the title companies but also the whole construction side would be part of real estate.

@Jon Rosburg of course, happy to chat more if you'd like!

The Sponsor needing 5 mil for project in addition to the common equity raise, will be in a preferred equity position ahead of common equity and of course behind the Lender with apparently no legal recourse to foreclose property.

Or asking a car salesman if you should buy a car (from them, of course).

Then, a year later, they reversed course.

I think 1031-exchanges are a good idea, but there are, of course, many factors that go into what may be best for you.

Not to mention that all their ROI calcs depend on cash flow of course so long term return calculations also fall apart. 

Yes, every one of them over the course of 30 years, Why do you ask? 

Of course he shouldn't be responsible for additional work required by inspection that is NOT INCLUDED IN THE ORGINAL SCOPE. 

If you are looking for a buy & hold here I'd say check out the houses in the golf course.