BTW, the failure rate for agents is about 90%.

For example, my tenants were responsible for returning trash carts in a time period from pick up, failure to do so then required us to return them and such was not a contemplated duty of management, that justified an admin fee.

First me must remember the 87% failure rate for Realtors....

Some ignore failure, other refuse to acknowledge accounting losses as useful stats and other just win from day 1.  

what happens if you have been making the interest only payments on a HELOC for 10 years and then life throws a curve ball?  lets say over the course of 10 years you lost your job and you cant afford what the payments ...

Doing so will significantly reduce your chances of failure and losing your money or worse.I realize new folks don't know what questions to ask, reading brokerage material about how great note investing is won't really teach anything.

Detroit is definitely making a come back, I believe that 100% but it is with blood sweat and tears and there are going to be some Huge success stories and probably a lot of failures.  

I'd also look into getting the manager to pay a portion of the delinquency due to failure to provide adequate service (look into your contract first).

While I do very little tax work anymore and am not taking any new clients I'm still licensed to practice and am very failure with real estate investing in qualified plans.  

We learn far more from our failures than our successes.