I am always trying to keep from reinventing the wheel which is why I love these forums so much.  

No need to re invent the wheel as they say, so see what has worked and try to make it your own!  

I copy, I mimic, I reinvent, but most importantly, I listen to find out what is working.This isn't a hobby.

Don't reinvent the wheel, just work on cultivating the vehicle on which the wheels rest!

This strategy should also protect the downside a little better by offering a larger pool of buyers in the future.The way we try to claw back the cahsflow/equity is by targeting short sales or wholesale deals that may require rehab but are priced well below market value.We are not reinventing the wheel, simply implementing a tried and tested method.

Retail also has its own characteristics and needs to be reinvented every decade or so to remain rentable and competitive.Industrial too is unique and has its own strengths (easier to manage) and cons (longer vacancies).Each type of commercial is going to require a different style and application of management.You should have a light understanding of the type of CRE you would like to own as you head into the market looking for deals.Personally, I prefer industrial because it's an easier asset to manage and I have a lifetime of experience working in this asset class.That said, and as mentioned earlier, if you head into the marketplace searching for a value add situation then you might want to keep your mind open to various types of commercial property.

I'm waiting for John Jackson's lease option info to arrive in the mail, no reason to reinvent that wheel.

This isn't to say make bad investment decisions or reinvent the wheel.

However, why reinvent the wheel?!?

A good real estate attorney may already have something they can offer you or update as needed, without reinventing the wheel.