The people that you can find will likely play a large role in your success or failure. 

I want to hear your thoughts on how you calculate the risk of failure for investing in real estate.

Because you are purchasing the property from the auction and the owner is the de facto tenant in place you will win the suit with clear proof of ownership but need to make sure to give notice and file it with the court three days after failure to vacate.

With the recent storms in the Bay Area there have been a lot of power outages due to PG&E equipment failure.

It's not absolutely necessary to have a mentor but it would make your life a lot easier to learn the ropes through someone else's experiences (their previous wins and failures) rather than slowly learn on your own. 

The danger is the failure to respect the power of adverse markets and the disadvantage newer sponsors possess in navigating them when they occur.When and if markets move, some will survive and some will fail. 

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.

Failure is a great lesson but you will fail less with someone who has real life experience.I just placed a person brand new out of college in a triplex and I said you know if you really want to be a legend get an RV and live in that while we renovate the other units for full potential. 

“There is concern that in stressful market conditions we could see the failure of [these lenders]…this has become very significant in the mortgage market.”And if rates, drop fast this actually could spell disaster for these mortgage companies.

We discovered that some warning signs include consistent delays, a lack of communication, poor craftsmanship, and failure to meet agreed-upon milestones.