You fail to the systems in place, keep strong standards and the failure rate is light.

Maybe you fail and only get one property in 2025.

@Jillyan MacMorris  I have had several LGs  fail so I avoid them. 

Mistakes and miscommunication cost people money.I did ask him to explain his transaction,  not an uncommon request, but he has failed to answer it."

If they fail to handle it, I will do it and charge them for my time.Another change I made was to add a no-deposit option to all my residential rentals.

Seems like a very strict penalty if this is not followed through.The CTA provides that willfully reporting or attempting to report false or fraudulent beneficial ownership, or willfully failing to report or make updates to the reported data shall be punished with a civil penalty of up to $500/day while the violation continues (up to $10,000) and a criminal penalty of up to two years in prison. 

its not the notes per se its the assets securing them.. this model has been tried many times and it fails most every time..

Noone knows everything, and everyone makes mistakes, but if we aren't always learning, we will always be failing to some extent.

It is NOT an event of default to fail to notify the lender in most cases.

I think this would be really insightful to other rookies who maybe have a fear of failing or are struggling right now.