Early failure is when hings don't go as planned at the start of something new, like a project or a job.

I have found that locally, this is where you can see other homeowners who needed the same thing done and often times they have someone who isn't big on the internet or on a list, but is reliable and cost-efficient and they appreciate the business.

Unavailability example:  Residential Real Estate is a 7-day-a-week business for the most part.

Lots of people invest and house hack, or have a related side business like being an agent, or have a mix of self-managed properties and properties that are professionally managed.

Thinking about using it for my wholesaling business going forward.  

Failure to maintain adequate insurance puts your collateral at risk and is a big deal, @Jay Chekansky.

But now she's out of business. 

And based on my business, and from what I am seeing with market activity, it is still very much a sellers market for those type of properties so many investors don't seem concerned about these proposed regulations.  

Sometimes this failure isn't the borrower's fault - like market fluctuations, seller remorse, or flaky GC who isn't showing up on the job site.

Generally, you can deduct travel expenses directly related to your rental property business.