I also have this same question about a Multifamily deal we have where we will need to purchase land before approvals.. you’d think being in this as deep as we are we’d know this answer but, it’s actually proven to be a pretty difficult thing for me to come across even with speaking to several people in the industry.. my own mother is 32 year lender.

Agents and anyone in this industry got lucky and used to the COVID times when things were insane.

Other than that, the city is largely residential with many jobs focused around providing for those residential needs such as the service industry sector, home repair, construction, etc.

Drawing from your industry expertise, what would you consider the average success rate for Fix-and-Flip investments, and which localities offer the most potential?

You just can’t successfully operate in the real estate industry unless you master these concepts.  

Quote from @Mohan Sadashivaiah: I would like to know if Data analysis in needed in Real Estate industry.

The first time I was laid off it was traumatic because I my industry and the economy were in the toilet but more importantly, I didn't have enough cash flowing RE, second time.... not nearly as bad, and the third time it was my idea and I haven't lost a minute of sleep about my decision. 

We intend to bring social responsibility and a willingness to do the right thing to an industry often devoid of caring, compassion and basic human decency.To spearhead our efforts, we needed a leader adept at building, managing and getting the best out of our team.

If the laws are still concerning to you, then buy a commercial property, like an office or industrial property, in your area. 

I think if the industry as a whole was a little more honest with it self and with market participants you might not have as many waiting for something that is not likely to happen in the short term. if you need a house, you need a house. but, if you think something will change in 6 months you might be able to hold on, but if it likely will not change in the near term you might just bite the bullet and buy.