Pete Neubig, who sold his property management company for $4.6 million, shares his entrepreneurial journey from real estate investor to industry player. He discusses the intricate balance of negotiations, earn-outs, and the common pitfalls in stock deals. Pete emphasizes the vital role of having a skilled team and the importance of standard operating procedures in enhancing both creativity and efficiency. He also highlights the significance of legal expertise in navigating mergers and acquisitions, urging listeners to understand the complexities involved in selling a business.