I actually have a webinar i put on a couple of years ago walking through all the pitfalls and mistakes I made doing 482 BRRRs between 2009-2018 in Chicago. 

If you are a newbie or old timer who is really struggling to break through in this business, what do you think is the reason so many don't make it?

It is easy for people to download fake W2s, ESA paperwork, etc, with a few mouse clicks and a credit card. 

Quote from @Kody Smith: without getting too deep into my finances, what my strategy is...1. take loans to buy properties (leverage)2. fix/flip for day to day cash flow income3. use some of the fix/flip income to buy consistent cash flow through:- business acquisition, - commercial properties (MF and store fronts),I have no intention of doing ALL of the management myself, I will hire management as needed (medium term goal)my expected core role is money provider, evaluating the numbers, making decisions, and connecting with investors, wholesalers, lenders, contractors, and property owners.while I am just on step 2 of the journey, I am looking toward step 3 to stabilize, and not worry about if house prices drop mid project or not (or not worry as much) So to be fair this is more about obtaining and growing a real estate business not simply buying rentals for cashflow.

Many investors will 1031 exchange into another property and list DSTs as a back up on the 45 identification form incase the property falls through. 

If you really want to dig deep, pretend to be a renter and schedule a walk-through.

@Robert QuirozI had purchased a number of duplexes and triplexes through the years.

I’m currently going through the process of getting a HELOC and feel confident we’d be able to fund a purchase using that but using PML has ultimately been a goal of mine and would like to incorporate it into one of these purchases if possible. 

You can find us online.Current Ideas: Video Series on Passive Investing in MHC, Tax Benefits of MHC, Investing through 401k etc. 

It's a very sustainable and resilient structure.As to the balloon, my attorney has told me that balloons after 60 months and done through an RMLO are fine under Dodd Frank.