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.

I am much better in front of crowds, have far more tenacity in the face of failure than I ever have, have better economy of my spoken word as well as a bunch of funny jokes and bits.

Have you found any success or failure with anything specific?

You don't remember filling out your first contract, your first rehab, your first spec build, and the failures along the way?

So people attempting wholesaling will continue doing what they’re doing with almost no consequences.The way most real property purchase contracts are written they contain an “out” for numerous reasons; failure to pass inspection, inability to obtain financing, etc.  

I have done some investing, but am a miserable failure.  

Very easily to make mistakes if you DIY this...and the penalties for even non-negligent foreign filing failure are steep.As far as valuing the shares at EOY, I would just use book value. 

I'd say make sure that you feel confident in the syndicator because the success or failure of the deal will largely depend on their ability to operate it properly.From having looked at hundreds of deals over the last three years, I'd say that this is a very good deal if the projections are realistic and if you feel confident in the syndicator. 

Failure is not an event.

As an owner and property manager, a strong property management company can be the difference to utter failure and huge success.