What I didn't know, was for whatever reason the deal fell through, may be a failure of inspection, or financing, I have no idea, and the property went to foreclosure, and was sold to someone for 180K in auction.

Those are interesting stats Belinda Lopez, I totally believe it (I've actually heard of failure rates up to 98% from some real estate courses - so I'm sure it can get pretty bleak).

The stress and eventual failure anyway I would not wish on my worst enemy.I invest in Memphis and occasionally borrow money for 30 to 90 days.

That is where failures in real estate investing occur I've found.

My lease states that failure to pay utilities is cause for eviction (just like failure to pay rent).

Don't set your sites too high because you don't want to set yourself up for failure.

Failure to do so, such as right now in this transaction, is on the Seller not the Buyer so you should not have any EMD risk.

My full time job does give me a unique insight into building failures and I also get to see what contractors screw up, or install incorrectly.

Time is of the essence and failure to pay the payments on or before the due dates shall, at the option of the Landlord, terminate this Agreement.e)NO GRACE PERIOD.

I could blame its failure completely on tenants, but that would be shortsighted at best.