Real estate is a business with operational functions. What are potential profit centers that are associated with real estate investment and development? Identify centers and how money is made. What about profit margins? This is actually a GREAT question that you should be able to address. In fact, I have students that are making multiple six figure incomes but thinking through this exercise which combines investment and investment management constructs. How do you set up a business or set of businesses that capture revenues related to real estate?