Based on the time they spent, I'd guess they're making $2K/hour.One building had a single balcony fail inspection.

The reasons I might deny a request like this include a failed background check or if the unit is already at maximum occupancy.

Note receivable will be assigned to bank as collateral should I fail to make payments.

If rents fail to pace with the cost of living, your financial independence will be short-lived.Persistent: Your rental income will last a long time, you will not outlive your income.What are the consequences of buying in a city where rental rates do not outpace inflation?

ConnectLinx.com (FAILED)—I talked to the owner, who promised to have us live in 10 Days.

So the burden of proof  will be on you to show that the seller knew about the issues, failed to disclose them, and that they covered them up hindering your ability to inspect and uncover the issues. 

where I failed in my business is not having a 1, 5, 10 yr plan and failing to see the assorted train wrecks coming down the track. 

The financing can surely trip you up if the lender fails to show with the funds at closing or drops off and ghosts you. 

I did educate myself about syndication, networked and put together a group of high net worth people interested in doing what I wanted to do (we tried to syndicate, came close but failed).

They said it's in bankruptcy so it pays monthly $200/mo. and if the payor fails, I get redeemed with the 18% on the 7800k + the redemption value of 21k.