My last attempt was no exception, seller wanted 5 day inspection on what was billed as primo condition 20 year old property, he blessed me with a 6.5% cap rate and "misstated"Expenses, followed me around during inspections telling me over and over how the neighbor next door is ready to purchase if i dont, never mind the failing brick siding, lack of house wrap, broken, non working windows, rotten decks,etc,etc.BUY IT NOW ask questions later cause there are 10 people behind you who will be happy with making zero for 3 years!

I’ve always had the “can’t fail” mentality.

Focus on finding the owners of those distressed houses and expect to fail.

I did mobiles, looked into self-storage, vacant commercial property and re-purposing old white elephants (old warehouses) or motels or toys r us's or any number of failed brick and mortar structures with motivated sellers. 

In the master agreement there are things like what constitutes a walk off from the job, if something fails city inspection, if work is done incorrectly or with poor craftsmanship, when and how ill pay and so forth.

If renter fails to make the interest payment the lean holder could exercise their right to the property and take the title back.I'm sure there are other benefits or possibly disadvantages to attempting to do this.

The board of county commissioners shall have the authority to cancel any contract if the purchaser fails to comply with any of the terms of the contract and the county shall retain all payments made on the contract.

Even if you fail you'll find that it isn't easy to find a deal and that may help you adjust your thinking about what a deal really is. 

But that was only after my rebuttal failed.

Lennox is the one I am familiar with) regarding failed coils.