You’re pretty much admitting it’s not about safety.

If anyone who is knowledgeable, please chime in so I can relay such information to my friend so they can have proper step to follow.

Very responsive and great market knowledge! 

My logic behind a area to hold is basically is in my zone of knowledge that means close in and in a  A-B area .BIG fish can have the whole USA in their  zone .Outside of my zone I am thinking flip it there are exceptions like all rules . 

This is the “over night” success that’s taken 20 years.2 - Superior uncommon knowledge, combined with experience and capital and a willingness to take a risk (speculate).  

You did things outside of the normal without proper knowledge.

Always research local regulations before investing.The Importance of a Local Investment TeamA knowledgeable local team is essential for success.

Obviously meet all safety requirements.

You are always helpful with your advice and knowledge here on BP.

Local market knowledge is absolutely critical, and it helps to work with someone who really understands the landscape and its nuances.As others have mentioned, it’s a broad question that’s tough to answer succinctly, but I hope this provides some clarity!