At the same time, it's good opportunity *now* to be long those failed multi-family as well as long we purchase the unit at discounted price.Another trend that we see is many offices is converted into multifamily space.

Failure is a great lesson but you will fail less with someone who has real life experience.I just placed a person brand new out of college in a triplex and I said you know if you really want to be a legend get an RV and live in that while we renovate the other units for full potential. 

You told them they could have the dog if they "keep with certain rules" but then you don't do anything when they fail. 

Especially the roof - don't wait for it to fail.

Every time I've seen a failed or failing PMc, I also not a total neglect or ignorance to at least 1 of these functions, and something to a incorrect thought that they could run a PMc just doing/focusing on 1/2 of the above. 

The PM has failed to write any leases and sent an unlicensed vendor who would like to undertake the unnecessary replacement of your gas line?

I think that’s the biggest hurdle I see and the difference between successful loan officers and those that fail.

If there's a failure, I believe in failing fast and learning from it.

@Alec HilliardLooks as if they're nickel and dining you, all the while failing to perform.

Others swore their ESA animals were documented but failed to produce paperwork for their 4 pets.