Never ever asking if that deal aligned with their goals and is part of their strategy to get them closer to their own goals or if it is taking them further away.

Spend some time under the Learn tab here and listen to the podcasts...ultimately you need to invest in alignment with your interests.

I've read the argument that you pay tax on it twice but it doesn't align for me.

The stars have to align, appraisal/underwriting/title all have to push as hard as possible.I've seen LOCs close in a week, however....

If you want to build your knowledge base you can read books and align yourself with those people actually practicing real estate.

As a part-timer, I suspect I could probably get my hands on more good rehab deals than anything else but since I know nothing about rehabbing, and don't have trustworthy resources aligned anywhere, I have chosen to stay out of that game.

So my mode to achieve my purpose aligns well with real estate.

This creates alignment with the capital role and the GC. 

Market rent ultimately determines cap rate if expenses aligns with market norms.

Great project managers maintain the 3 constraints regardless of the construction process, and have their goals aligned with the owners; changes to the constraints are not of benefit to the project manager- keeping the project on schedule, within budget, and minimizing scope creep is of benefit!