If you fail, you can raise capital for my projects and will give you another Co-GP title. .......Or you can organically grow your real estate portfolio and credit worthiness &  keep the $30K. 

Quote from @Agatha Simmons: Uffda.One of the biggest mistakes landlords make is failing to stand up to a problematic tenant.

Most businesses, property management or not, fail due to the lack of sales, not due to the lack of systems and phone etiquette.

If you fail to follow the rules, you may open your personal assets to a lawsuit.

From what I have seen, the typical remedy is termination of the contract, refund of the EM deposit and all expenses incurred by the buyer during the failed transaction.

What percentages of businesses in that industry fail annully?

Both approaches fail because they forget the most important part of the deal: EMOTIONS.

That is until a roof or an hvac unit fails.

So rather than overemphasizing WHICH market to chose, emphasize finding the right mentor/coach/team because it is possible to fail in a good investment market when you do not know what you are doing and to succeed in a more challenging market when you do know what you are doing. 

Had strict timeline for delivery, they failed that too.