With most of us if those 2 failures are at the front end we are out of businessI am not a competitor and I am not trying to dissuade your from your business model but my suggestion would be to spend some time and take a few dry runs and follow the properties post auction to 'learn the ropes" so to speak

I had one rehab once that showed sill plate failure when tearing into walls.  

I have experienced failure, success, and the myriad of different colors of mud and blue skies in between.

You're not a failure if you left some money in the deal.

It’s not a necessary pitch, and all you’re doing is setting yourself up for failure.

Appliance failure would be a home warranty, leaky pipes in the wall could be covered by a landlord policy.

When In fact if most of these folks want in the RE business they would be far better served to get a license go work on a big team get paid to learn and earn while you learn.. and create a career for one's self.. going at it this way has a 97% failure rate.. why do that and blow what little beans you have just to fail and flail.

I put wording in every lease that says while I supply the appliances, "Landlord is not responsible for damage or loss due to the failure of the appliances or the interruption of water/gas/power to those appliances, including but not limited to the loss of food." 

If the insurer is prejudiced by the insured's failure to provide timely notification, coverage may be affected. 

Failures typically occur when inexperienced groups face adversity.