Two banks have failed to start off 2014 (one outside Chicago and the second in Oklahoma). 2013 ended up with 24 bank failures half of the prior year well below the recent peak of 2010 (157 bank failures).We will have to see how 'relaxed' the banks are now with the lending policies.Any comments/experiences?

Time is of the essence and failure to pay rent in accordance with these terms and conditions set forth shall constitute a default of the entire Rental Agreement.

Be sure to build up a decent nest egg for emergency repairs like new roof, or furnace failure, six months vacancy, etc.

@John K.Our lease (actually the schedule 'A' to our lease) identifies the tenant is responsible for any by-law infraction fines assessed as a consequence of their failure to fulfill their obligations and responsibilities (put out garbage, clear snow, or mow the lawn, having non-operable vehicles on the property, etc).When we receive such a fine from the City, we pay it and then send the the tenant a letter and invoice for the amount of the fine, plus an administrative fee to cover our bookkeepers time to issue and collect the invoice {though we typically waive the administration fee on first offences}.

Sometimes the failure has nothing to do with any components within the heating system itself; I had a failure caused by an empty plastic grocery bag getting sucked into the opening on the air intake on a furnace on a windy day - no air for combustion causes unit to not fire up.

I don't think there is any issue with failure given its performance for the last 90 years.

If partners end up fighting between themselves as to liability for failures the partner with the greatest wealth may not be the responsible party or they may avoid liabilities.

Cost reductions by predictive failure analysis of the systems and structures.

We've bought two farms, created two B&Bs, owned and run 7 businesses, one of which "ruined" us financially.Just prior to that business failure, I'd taken a Master Wealth (real estate) course by Greg Habstritt in Calgary.

Many don't make any money and the failure rate is higher.