The financing can surely trip you up if the lender fails to show with the funds at closing or drops off and ghosts you. 

These people are clearly the victim of some brilliant guru who told them how to retire early/escape the rat race/be their own boss/etc, but forgot to mention the part about it being really tough, and like 95% of people (rough estimate just from my brief experience here on BP) fail. 

And if their credit is trashed and they fail to qualify for a new place, then what?

the biggest indication of a investor failing in real estate is not having enough reserves to get through the rainy seasons of the investment where as people who can get through over a long period of time do extremely well.

They said it's in bankruptcy so it pays monthly $200/mo. and if the payor fails, I get redeemed with the 18% on the 7800k + the redemption value of 21k. 

We are having to build a lot of systems/processes around it's failings (i.e.

As I sold enough that I got full payment on to afford to do those types of deals and I can tell you I sold more RE than most in my market because I never let a deal fail because of downpayment issues..

However the owner had failed to maintain rental licenses on each for the past 9 years.

If a property fails these benchmarks, it’s likely not worth the time to perform a deeper analysis.Risk Management: By adhering to these rules, I aim to minimize the risk of overpaying for properties or underestimating operational costs.

A PM would have taken most of that.I have seen too many OOS investors fail buying cheap properties in rough areas not recognising that over time capex exceeds cash flow.