A third reason people are selling is failure to run their business and their finances on a fiscal year.

The property owner is obligated to honor this agreement, and failure to do so would be enforceable under the terms of the contract.

Beginners I would say, meaning first-time flips, are below 50% for sure because you never hear from the failures again.

Its actually really common in my mind for real estate failures especially like these deals were you dont really have access to your money..

How many experienced failure and gave up?

This agreement with your general contractor acts as a roadmap, with clear expectations and protection for all parties involved.One frequent mistake is the failure to include sufficient detail or being too vague.

And as you can read here on BP this is probably the number one recipe for financial failure. 

He has millions of dollars invested in his property and must be extremely careful that he doesnt't rent it to a person who is a crazy failure.

We segregated them from any degree of competition, failure or necessity to conform to any standard.

Some break-even which I also consider a failure.