I think you'll learn a ton in your first deal - without a high risk of failure at all.

IMO, failure to do that is what results in becoming a slumlord, even if a person never intended to be a slumlord - the realities of the numbers and their bad decision making just gets the best of them and presto - they become the do-nothing-ever and let-it-crumble-to-the-ground owner.

Not having adequate reserves is setting yourself up for failure.

It's NEVER a failure to find a failing, it's an OPPORTUNITY to evolve, and when one does that it's failing-UP, and that's how all great things came into being, failing-up. 

In some areas galvanized plumbing was common so depending on the age it may be close to failure.

Success or failure are completely up to you.

And whole selling has a 98% failure rate due to several issues.Am I new and wrong on these or are their any other strategies people recommend to someone starting out in this with not a whole lot of investing capital .

Using hard money at prevailing rates would be a recipe for failure, again contrary to the “use my money at 15% “😮 private funding course marketers. 

There were full sheets on queen beds, standard pillow cases on king pillows, a missing microwave turn table without explanation, miss matched towels, trash not removed after a guest stay, failure to lock the lock out door (2x's) so the guest got to meet each other (they were not impressed) and the list goes on and on and that is only the local story.

I am not sure why folks dont understand this and think its some quick easy cash flow business.. the failure rate is far higher than being an agent.. and your doing the exact work as an agent But with ONLY ONE exit and income opportunity..