Im committed to learning and putting in the effort to succeed in this business.

Effectively no, otherwise everyone would do it and there would be no rent controlled buildings.If the property becomes vacant there are scenarios you can remove it from rent control. 

The problem with contractors generally is the lack of vision, their there to do whats code and nothing else.

Purchase price: $44,000 Cash invested: $75,000 This was a huge undertaking, but the risk reward ratio worked out great.

But if costs are high or demand is uncertain, holding onto the land while monitoring the market might be the better play.

How do we stay in the real estate game while minimizing our risks? 

Hi BiggerPocket community,This.is Michael, currently a partner of Coldwell Banker UAE.Just want to introduce myself to this community and proactively will be sharing more about investments in the real estate market here in Dubai.

Quote from @Karolina Powell: I have a side by side duplex built in the late 1800s and the tenant is constantly complaining about the noise from next door. 

So, if you are taking 2% of the 5% from the listing commission, it would not come from the agent, the agent has the contract with the seller for the 5%.

Wishing you the best on your journey.