Biggest challenge was I tried to do too much myself, failed a lot, but in the end learned a ton to be better for future projects and still made money.

Most people are so negative that they will think up 657 reasons why it won’t work why it’s risky why your uncle louie tried it and failed why you’ll lose money etc .. family and friends won’t understand , it’s not part of their language and they will view this as foolish and haphazard .

I think there are many valuable lessons in here if they can be separated out and gleaned from this. 1 major thing is that this is your your business and ultimately your model will succeed or fail based on the business model you have and the people on your team. 

I’ve seen flipper’s get burned after the fact for not hiring licensed professionals and must spend thousands of dollars later because they chose to be “the contractor” and the work failed, wasn’t inspected, or failed to meet code.

They also live and die by their reputations on that site.If 1/2 of your outlets / fixtures are without power, it could be something relatively simple like one side of your incoming 220 VAC has a failed wire or a bad connection. 

We are taught that taking risks and failing is bad, but I'm a firm believer that it's the only way we can achieve truly evolve into the best versions of ourselves.

Do you know the number one reason businesses fail is undercapitalization?

either you play it or you FAIL.

Most prospective wholesalers never get past reading articles, and there is nothing wrong with “failing forward”.

If you end up in court, your only obligation is to tell the court that the tenant failed to pay rent.