PHA failure to pay the owner is not a violation of the lease.

20% is pretty high failure rate, @Mark S.

Failure is not an event.

I cant want to meet you all and learn from experienced and seasoned veterans and hear all of the success stories and failure stories and how you bounced back from them!!

Hindsight is 20/20 of course, but fear of getting started, for fear of failure, will never allow an investor to flourish properly.

For a very long time I have been afraid to actually take action due to the fear of failure.

Many OOS investors set themselves up for failure because they don't invest the time to ACTUALLY understand:1) The Class of the NEIGHBORHOOD they are buying in - which is relative to the overall area.2) The Class of the PROPERTY they are buying - which is relative to the overall area.3) The Class of the TENANT POOL the Neighborhood & Property will attract - which is relative to the overall area.4) The Class of the CONTRACTORS that will work on their Property, given the Neighborhood location - which is relative to the overall area.5) The Class of the PROPERTY MANAGEMENT COMPANIES (PMC) that will manage their Property, given the Neighborhood location and the Tenants it will attract - which is relative to the overall area.6) That a Class X NEIGHBORHOOD will have mostly Class X PROPERTIES, which will only attract Class X TENANTS, CONTRACTORS AND PMCs and deliver Class X RESULTS.7) That OOS property Class rankings are often different than the Class ranking of the local market they live.8) Class A is relatively easy to manage, can even be DIY remote managed from another state.

So I'm unsure what the exact casue of failure was. 

If you have ANY questions along the way, you can bring them here to the forum and we'll help you out.I will agree I was stuck and scared of failure.

In addition to eliminating a single point of failure crisis for your business, you'll get the back end analytics and get to know your guests.