The better you understand failure, the better you understand growth.

This is high risk and hard work with a slow and steady climb to success or sudden failure.

Add to it: Some states are serious about registering to do business with out-of-state entities and penalizing failure to do so.

Some landlords in this space try to get away with everything on the cheap (not saying that is you) but you can have success with govt agencies if you can deal with the brain damage of the inspections and paperwork, but it can provide more stability 3) dont give up yet. take some deep breathes and get over some of that failure thoughts that are going through head.

While there is no one rule for success in this business, there are definitely multiple rules of failure.

I don't see any provision in the old lease for "hold over".Does the tenant's verbal termination and failure to sign the new lease qualify as terminating the existing lease and start the 30 day clock for their move out?

I just also don't want to set myself up for failure. 

Why is does this sow the seeds for future failure? 

Blue Sky failed and closed within several months but that is his failure.

And so what if you fail, FAILURE IS NOT FATAL.