People get bad tenants because they don't know how to screen or they fail to screen.

The commercial listing broker representing the developer, institution seller,etc. remembers the (deal that didn't HAPPEN) where legal expenses, time, and effort was wasted on a failed attempt at a sale.

Below is the language in the contractSeller's Failure to Comply or Breach: If Seller fails to materially comply with any of Seller's obligations under this Paragraph8 or Seller materially breaches this Contract, and Buyer elects to terminate this Contract as a result of such failure or breach, then the Earnest Money Deposit and the Due Diligence Fee shall be refunded to Buyer and Seller shall reimburse to Buyer the reasonablecosts actually incurred by Buyer in connection with Buyer's Due Diligence without affecting any other remedies.

The Last thing someone facing foreclosure needs is someone who can’t actually buy tying up their property for a month or so, Hoping to flip it to an unknown buyer.....when you fail, they now have no time to sell it to a real buyer before foreclosure.

Some fail, some don't.My model is 3/2 SF, single story in GREAT school districts where ppl want to live.  

87% of real estate agents fail out of the industry altogether, which is right in line with the small business failure rate of 90%.Most small businesses do not turn a profit in their first 2 years in business, and barely eek out a profit in year 3.Being an agent, like any small business requires you to spend capital in order to build the business, regardless of whether revenue is coming in or not.The median income for a full time agent is right around $50,000 per year.I say those things to help set expectations.

I gave up and let my grades slip, and I've since had my record expunged of all failings so that in the future, if I wanted to go back, I could.I'm 21 now.

Chicago is likely to fail financially as a city soon and I don't think congress is in the mood to bail them out.

There is no way that an investor can know 100 percent that a deal will not fail.

Let me say there are many success stories with people buying into the high priced guru programs, but unfortunately there are many more that failed.