The business agreement would act similarly if an STR manager fails to pay, but that kind of an agreement may be less familiar than a long-term lease to a long-term lessor.

Wholesaling is a mirage that social media and fake gurus make seem easy when in reality, most fail miserably and spend their money on one month of marketing when everyone knows it takes six to eight months of cross-platform marketing to make stuff happen.My best advice is not to wholesale.

We operate in a broken system that is ripe for abuse and fails to protect us.

They also failed to make me aware of this form.

Most people that try to make a living wholesaling fail. 

They don't build a proper reserve, failing to account for turnover costs, vacancies, capex, etc.

OK  Chad a and Chris  how did this company fail. 

Banks foreclose on properties when owners fail to pay their mortgages.

Great Post-  I appreciate you saying what a lot of the Gurus fail to explain: that this is a long term process and in a lot of cases we don't see the benefits for years to come. 

I fail regularly but I have become more used to the fact that failing is a necessary part of success.