By focusing on effective time management, clear communication, building your network, and implementing a solid marketing strategy, you’ll be better prepared to navigate the ups and downs of the real estate industry.

Perhaps the East Asian hospitality industry provides full refunds no questions asked. 

I'm new to the game but I have been prospecting for deals for a while now.

Quote from @John Reagan Johnson: I am new to the real estate industry and am looking to connect and exchange businessIf you are new I would suggest something totally different. 

The recent surge in natural disasters has created an "Armageddon effect" on the real estate industry.

Fannie is now also requiring the GP team to have significant skin in the game. 

@Albert Gallucci as many have pointed out, in the commercial space of 100+ apartment buildings and offices, property classes have some pretty decent industry standards.We started applying these to 1-4 unit properties around 10 years ago, which you can verify on our blogs, because we saw too many newbie investors not properly taking into account things like, neighborhood status, tenant pool, property condition, etc.Unfortunately, there's no industry standard for this, but you can use some basic logic to think your way through your own Classifications.

I do generally agree with the sentiment of Austin and the other hosts that fundamentals will always win out in the long run, and this by nature is a long term industry, even the sales side I'm learning.  

Quote from @Collin Hays: This is zoned commercial, so I could do pretty much anything I wanted with it except a casino.ouIsn't the Texas legislature considering casino gaming this session? 

Depending on the market, A game room can give you a similar ROI with much less liability.