Unfortunately only about 5 applications have been fully submitted and all of them have failed to show proof that they can afford to pay the rent and provide the proper references.

This is cause for concern as there is liability you as the landlord hold if you fail to disclose the meter is connected to the tenants unit.

Some of them are failing miserably and of course blaming everyone or everything else but themselves

If you have failed to include the domestic abuse protections language then your rental agreement will be void if the agreement also includes language allowing you to terminate a tenant's tenancy if the tenant or their guest have engaged in criminal activity.

They failed on a BUSINESS. 

I would be very careful if you move forward and do it because anything that goes wrong is going to fall back on you and if you do not have a management agreement in place you could be opening yourself up to lawsuit if you fail to deliver on the expected services.   

i've done several BRRRRs, including one that just 'failed,' so i sold it as an accidental flip, and here's the deal. 

Both have some major fails on the GUI front. 

If you fail to close you owe all the taxes. 

The premise of this boards popularity came after the deepest real estate crash coupled with the lowest rates in any historical era, and was conveyed through someone like a rookie that runs crashing and failing syndication.