If you fail to follow the rules, you may open your personal assets to a lawsuit.

You also failed to mention that the new contract price was exactly the same as the one you previously signed. 

Here are some things I have seen people asking that make it clear that they are already failing in this business.1.

That pace feels pretty good to me...I can get past the "rookie mistake" phase of my career before there is investor money on the line, and I can "fail small" because SFRs and small multifamily doesn't hurt as much as larger properties when things go wrong.Timing had a role, too.

I tried a big out of state flip due to living in a HCOL area and it failed miserably because I couldn't keep eyes on it and didn't have a good/honest team in place.

Depending on how bad it gets the fed will step in and fire up the money printer, of course that would be after a big bank fail and/or massive layoffs.

Failed septic tested properties13.

Any grandfathering will be lost when one of those tanks fails. 

If the proper reports and documentation are not completed, you run the risk of failing an IRS audit and the cost segregation not being honored.

People who are successful versus failed with OOS tend to follow certain patterns.