I have a couple parks in Longview I've been working on trying to buyover the years, failed deals in Kilgore, several failed deals in the metroplex, successfully closed a couple assignment deals in the metroplex. 

If they fail to pay rent, you're on the hook.

If you have $91K left in the property after refinancing then you failed to meet that goal.  

I think they should have had their existing customers free as they indicated and charged only new customers.It sometimes fails to auto detect.I think I have had issues when at end of trip it has no coverage. 

I sometimes make exceptions and hold a property for 2-3 weeks but that's usually only for really, really good prospects in a really, really slow market.You also need to spell out specifically what happens if they cancel or fail to complete the transaction.

It takes trial and error, failing and correcting, eating crap than having to get back up, but the best part is if your in it to really win it, than everything will just be a learning experience. 

But commercial properties often get into trouble because they don't use the correct glass (e.g. failing to use tempered glass for a storefront). 

If you real estate asset fails it'll take down your investment account with it. 

Yet they failed to garner a single successful booking.

She called me because the picture window in her living room spontaneously exploded and the owner (also the failed flipper) blamed her, well come to find out this genius cut a big hole in a load bearing exterior wall for this window but had neglected to put a header in so when a big heavy snow came, the pressure was too much for the window and it followed the path of least resistance. this happened 2 consecutive winters. a home inspector would not have caught that because it is hidden behind sheetrock but if the work had been permitted, it never would fly. my point is that an inspector can only inspect what they can see and that many flippers either have no clue what they are doing, are trying to cut corners, or don't care. there ARE some good and responsible flippers but when I know a house has been flipped, I am always suspicious.