And the law is not really clear, either.A common interpretation is that you did not make an attempt to "begin a specific business" unless you made an offer for a particular property and failed to acquire it.

The latter, more often than not, will fail the credit check which follows also.Credit check is last, we pull direct from one of the Big Three.

The worst part is that he took no responsibility for the failed project, claiming it a "success in every sense of the word" and blaming "the market," and "the tykes holders" for not being more active in the discord group.

The number you failed to mention was how much you have into it.  

Thirdly, set goals, and don't be afraid to fail, just learn from your mistakes.

I follow these guys    | Grant Cardone | Gary Vaynerchuk | Eric Thomas  Stay motivated - Stay focused on your goals - Keep grinding The one reason people in this business will fail the most is your lack of patience, when people go into their own businesspeople think its going to magically happen in five minutes.

I buy for location, and there are a few things that usually make me walk away - late last year I looked at something I was considering buying but there appeared to be a massive sinkhole developing at the driveway that was taking the slab with it - and usually those things are serious foundation problems, unsolvable/difficult to solve water issues, failing roof support system, no siding or severely damaged siding.

Investing in Toronto takes a bit more skill because the price to play (and fail) is high. 

Unfortunately the property was in a flood zone which added about $100 a month unexpectedly to the cost of ownership for the first buyer who failed to qualify.  

None of the three met my criteria (one failing on credit, income AND background), one lied about income, and one couldn't prove income.