Take a look over what smarter people that I have to share:80%+ failure rates?

AS we know failure to pay tax or insurance is an event of default so one can quickly move against the asset if the borrower is not adhering to the terms of the DT / Note.

That's not at all what I'm about when talking to people who are asking for help, Jeremiah.I'm trying to tell the OP that ultimately, the critics are just critics, and when you're out there doing things and they're not, they don't matter.I'm trying to tell the OP that failure is a lot more useful than not trying.I've met a LOT of people who don't try because they're terrified of failure.

galvanized supply pipes  and branch drains that are still in service are probably on the edge of failure.   

After all, failure to pay rent is a violation of the lease.

One of the greatest failures in the entire Investment Real Estate community is our propensity to refer to any/all of it as "investing".

FYI, my fav is "failure to adhere to the rules of the lease or lied on or during the application process" and inject clauses such as "any individual over more than (x number of days) is considered a tenant, and must apply or be added as an occupant". 

Report his failure to provide access to Section 8.

It's been a while and I realize I've been posting a lot less, but I came to the opinion that THERE ARE LOTS OF YOUNG PEOPLE WHO ARE A WASTE OF SKIN and IT'S VERY POSSIBLE TO FAIL AS A PARENT through my experience as a teacher.The worst failure as a parent that I ever saw in my position was a Greek national lottery winner.

No question a sub 2 failure opens a big can of worms and can lead to all sorts of issues of the legal variety.. you start missing payments and your sellers credit gets trashed you are going to have issues.