People who lend their credit to RE investors are not that sophisticated.

CAP rate is used by people who are much more sophisticated than what you call novices.

Once you learn the basics, you'll begin to understand the more sophisticated aspects of RE/REI more easily.

The key is without the anchor driving traffic the small strip will not lease up.Funds are very sophisticated sellers.

So I watched for several years, how the less sophisticated side of property management works - no real thought about profitability, making the house nicer than it needs to be, but I did learn about getting the right tenant.

Disposal of fluids can be done properly, it's when they aren't you can have an issue.Noise is another issue to be covered generally, so revving up an engine constantly (as if they think they know what they are doing as old hot roders did) can be a noise issue.My lease prevented the tenant from keeping any inoperable machinery on premises or parts thereof, which meant all vehicles, lawn mowers or any gadget had to be operable, vehicles had to be titled, licensed and insured.The outside had to be free of clutter, trash, salvage or personal property not designed specifically as lawn furniture or for outdoor cooking and such was to be stored from view from the street when not in use.Those types of covenants will take care of a vehicle on blocks or an engine sitting in the yard.I wouldn't say anything about some minor repair being made to a vehicle, where do you draw the line, changing a windshield wiper or adding fluids or pulling the transmission. so long as it's done in the day and operable, doesn't cause toxics to spill, doesn't produce unwanted annoying noises, isn't a safety issue, is kept clean and neat, what's the issue?

It is the most sophisticated training in commercial real estate available.

They might have more sophisticated equipment than you or ideas you haven't thought of.

There is an assumption about the financial sophistication of the seller on a lease/option deal vs. the buyer.

Hearing advocates of operating lose and with disregard seems to impress newbies, sounds cool, but that certainly not the way professionals conduct business, at least here and I'm in the heart of the Ozarks, not the most sophisticated business environment on the face of the earth.