Most who fail  buy C/D real estate without strong fundamentals.

Quote from @Jon Parks: I think it's safe to assume your capital is gone in failed business ventures.

It does however give you a degree of independence to choose what you want to do.As your portfolio grows you'll also feel the weight of future capex responsibility more, which ironically points you to growing more cash flow through more real estate.The other issue is that you are chasing a moving goalpost.

I am glad they realize that I should not be responsible for the cost of a toilet that failed due to a guest accidentally dropping a vape in the toilet and picked up the replacement cost.  

Fail forward is generally just great life advice. 

It is disheartening to witness a mentorship program that boasts substantial financial success, with students allegedly earning substantial monthly incomes, yet fails to ensure that their own employees receive even the minimum wage they are entitled to.

Some items might hold more weight than others, but you guys should sort through that together.You also might just do the partnership deal by deal - sometimes jumping into a partnership before you have officially worked together is NOT the best idea...

Franchises work for a reason, but inexperienced operators are why they fail.

I stopped reading after reading your subject line...know this:The #1 reason why landlords fail is due to their failure to manage to the lease (Source: American Apartment Owners' Assn). 

Here‘s both, from the BBB: https://www.bbb.org/us/id/coeur-d-alene/profile/wealth-building-seminars/lee-arnold-system-of-real-estate-investing-1296-1000121183/complaints Another person who failed.