I am a commercial real estate broker as well as an investor.I would say what has made me successful is the WILL to never QUIT.When I get on a workout machine I go for an hour doing cardio.Most will do 15 minutes,some 30,a few 45,hardly any will go 60.When I run a marathon my mind wants to quit before the body but I push on.The last part of finishing takes the most mental toughness and a will not to quit.You will need this skill in real estate.Making a deal happen will be like being on a roller coaster with many highs and lows.It has taken me a year to close a deal before.When I was assembling land deals I had to talk to the owners sometimes 50 times and it took 6 months to agree to terms and get under contract for the developer I was working with.It will take a lot of time and blood,sweat and tears in the beginning but it will build toughness and character.Remember if it was easy anyone would do it.Their is competition in EVERYTHING you do.You have to find something you enjoy and then strive everyday to be the best at it.Work it like a business and constantly gain more knowledge and develop systems to maximize your time.When I close a hard deal that takes a long time I get a great satisfaction that I made a deal work that many would have just quit on.

I feel like there maybe some value I can add to other investors in terms of data and automation by combining the dev skills with the broker benefits.As for real estate investing I continue to build capital in other assets classes while I am still figuring out my specific niche in my local market.

I'm fully aware that the skills required for wholesaling is similar to a rehab so I'm learning both but just applying that knowledge to wholesaling.

Developing your people and conversation skills will absolutely increase your closing percentages, but no matter how smooth you get you can't make a pig sprout wings and fly.You are looking for two things.

I go there to see where the experience level is, believe it or not, trying to make advice appropriate for the skill level.

Just one thing, if you have a bad sub, I try to replace them before I run the bad one off, depending on how bad they are, and manage them closer while I'm looking for the replacement.As to your question, it dopends on what your construction knowledge is and your skills.

I know BP has some risk lovers so I am curious to see what people say.My guess is that the answer will vary based on the level of confidence one has in their ability to identify great projects and "bet" on the outcome and their skill in accomplishing a desired goal.

Anyone care to share any experience if this pool is really vital for my ARV or not?

I have skills that can be sold and the disaster would probably leave many opportunities.

I think Texas these costs are massive.5-15% VacancyThis is another thing that will vary a lot depending on area, pricing, skill of manager, quality of unit, etc.2-5% InsuranceThis cost cannot be altered very easily.