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

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. 

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

Australia they are correct about the avg. percent but fail to mention how much higher property values are there.

A project with a 75% cost to ARV will still turn a profit.This thing goes wrong when the GC arm of the process fails, neglects, steals, becomes unresponsive, misappropriate funds, does a poor job. 

Those I know who are successful real estate investors have tried and failed in different areas through the years.

He is disrespectful, had over 30+ liens and city fines from failing to maintain his properties.

They tend to rely solely on property managers and fail to effectively oversee the management of the property.

When you do that, you can get better pricing and leaves less room for error.The best advice is to push forward as quick as possible, fail forward, and always continue to introspect on what you would do differently and then ACTUALLY go back and implement that change (easier to say than do).