I will have more failures than successes on this project. 

But cat pee soaking into the floor is damage, failure to clean up liquids or other gross things, I'd rather not go into. 

Buyers may be backing out for failure to obtain financing for the deal.

That is INTENSLY risky, failure % is wildly HIGH.

Throughout my journey I've come to terms with the fact that this is going to take many years of failures before I will be able to see a little bit of reward.

More parts means more failure points that wear and separate over time, especially stuff that is constantly moved and sat/slept on. 

After the banking failures early last year and the current razor's edge of the banking environment, you had better believe that regulators and banks are hyper sensitive to any potentially bad assets.

There is a $500 per day penalty, up to $10,000, and imprisonment of up to two years for the WILLFUL failure to file initial or updated timely reports.Where to file the BOIR report?

Failure for the fire department to knowingly not enforce leaves the county liable if something happens.  

It sounds like the separation between success and failure is based on proper preparation and realistic expectations.