Research includes, but is not limited to: location of property, demographics of location, current state of the market, analyzing competitors, understanding common trends and issues in real estate investment, acquiring market competitive advantages (pre-qualification, mortgage pre-approval), acknowledgement of investment costs as well as future costs,I would like to know the source of your statistical data, as knowing who and where the data represents is important.Finally, one of the most important character traits necessary for a successful real estate investor, as well as an entrepreneur for that matter, is adaptability.

The third party operator of the hotel needs to know/adapt/train their people with the flag's systems.

Bakersfield was mostly an oil and ag community and both sectors were hit pretty hard which obviously took the area down pretty far, but in the past few years there have been massive changes and adaptations away from the solely ag and oil community. 

Learn, adapt, succeed.  

We do have many areas that are appreciating nicely so as your strategy and financial situation changes we have the ability locally to adapt and still be much more affordable than the big cities.  

Will buyers agents become extinct or adapt and negotiate a % buyers agent fee with a buyer client?

Actually, those businesses that disregarded the fundamentals, including the need to adapt to changing market demands and technology advances, are the businesses that failed.

This way, you can better manage risks and adapt as your situation changes.

It adapts with you.

Half the job for the modern accountant or fund administrator when working for large companies is learning and adapting to software applications and all the in-house programs that are developed as part of the various groups' efforts to add value.