Going to my engineering and physics background (and day job), I'd say the 50% rule is "basic principals" while the 2% rule is a "engineering rule of thumb".

Unlike metallurgy or particle physics, banking does not have a rising learning curve.

As we used to say in physics class its intuitively obvious to the most casual observer this is exactly what's happening.

Yet, $25 Trillion in cash (physical or electronic) doesn't exist.

You have to Trust somebody there to do the things you cannot do bc of the physical proximity.

How do you manage contractors and ensure project progress, particularly when you can't be physically present and under tight time constraints?

Those with 5 or less physical locations.

My academic background is physics and I went to a school that was almost all engineering and science.

I'm not sure what your goals are but knowing the proper way to do things is more important than knowing how to physically do them, imo.

This guy has been calling my phone like crazy so I believe that's a sign that he is very motivated to sell.Anyhow, my question is should I move forward and try to get the house under contract or should I walk away because he's in jail and probably won't be able physically come to closing.