Once of the best ways to learn the industry is to work in it.

There are many in the industry that plainly consider some of your examples to be prohibited transactions.

What are your best tips for a beginner in the real estate industry to reneg on the offers? 

Wishing you success as you learn and grow in the real estate industry, 

Below is a chart showing the average reclassification percentages by property type.Apartment Building - 20-40%Conference Center - 25-35%Fitness Center - 22-45%Assisted Living Facility - 22-45%Golf Course - 28-60%Theme Park - 16-22%Grocery Store - 20-45%Hospital - 28-40%Auto-Car Dealership - 29-35%Hotels - 20-40%Research Facility - 22-45%Manufacturing - 20-40%Warehouse - 20-30%Medical Office/Clinic - 22-35%Resort - 25-45%Mixed Use - 20-40%Leasehold Improvements - 20-80%Office Building - 20-30%Retail Strip Mall - 18-40%Winery - 18-25%Restaurant - 20-80%Bank - 30-45%Are there any other types of properties you would like more information on?

Also look for diverse economies, I’m in Wilmington and we’ve seen tremendous growth in FinTech, Bio/Pharma/CRO and other non-tourism, non-film industries.

Because of my previous experiences in this industry I immediately understood that someone is trying to scam this person.

I've worked in property management for 2 years now and it's really helped me gain a better understanding of the industry, and has been helpful studying for my broker's exam as I've encountered many examples of items I'm now formally learning about. 

I believe the syndications would be standard multi family and industrial investments that provide a K-1.

That other 30% is what you need to get financing and it is an industry standard safety margin for a flip.