He did get it all figured out, but I basically failed an Electrical sign off, after the house went under contract!!!

Jim Carson, congrats on not having any mortgages, I am aspiring to get there as fast as possible (numbers can never fail with cash on cash return).

These properties may also not be new to the auction block, and could be a result of a failed bid.

Learn to walk away and failing.  

The equity buffer is the lenders guarantee that if all else fails, the property could be quickly sold at a fire sale price and you would still get back your original loan amount plus any associated selling expenses .  

Without a deposit you fail to meet sufficient consideration for a bilateral contract.

So, I kept on trying and failing at well, pretty much everything I tried!

Had to post an eviction notice on Aug 10 because tenants had failed to pay $1700 that was due on Aug 1, couple is going through a divorce now, and I got them to sign a form saying they would move out by Aug 31.

This particular one keeps going under contract and keeps failing, one time it failed so miserably that it took an entire year for the bank to re-list it back onto the MLS.

I had a bad experience with my very first property manager, and it was because I failed to properly vet him.