Meanwhile most who obsess over entity formation fail to carry proper insurance, work with unlicensed and uninsured contractors, fail to execute contracts, can't explain the difference between being listed as additional insured and certificate holder or request to be listed as additional insured on vendors insurance policies etc.

From what I read to many investors talking lease to own folks into these contracts without fully qualify them and then when the lessor fails you boot them out and keep their down payment.. 

A small chip in the bathtub and that’s a fail, window doesn’t open good enough that’s a fail, bedroom door lock doesn’t lock properly that’s a fail.

LL Flooring, formerly known as Lumber Liquidators, is closing all 430 of its retail stores after failing to secure a buyer during its Chapter 11 bankruptcy process.

Most notably a rehab that went $100k over budget and a failed attempt at Airbnbing an Airstream that was a $30k mistake 

Much of this is on me for failing to enforce the lease terms - especially around an inoperable vehicle.

Books and podcasts are full of survivorship bias, since we don’t hear about the folks who, with hard work, effort, and grit, failed and left, only the survivors get to tell their story.

Many people have attempted (and failed) to outwit the IRS on this matter.

That's what you will fall to when you fail, the higher that floor is the more room you have to succeed.

That's where many fail as investors and those who fail are generally the ones sitting behind a computer making decisions without understanding the fundamentals in the markets where they invest.