As an analogy;During my college years I worked part time as a waiter in a very busy restaurant and I remember that the owner will make new managers work at every position for at least 1 week before permanently hiring them as managers, prospective managers would need to work 1 week as dish washers, 1 week as waiters, 1 week in the cash register etc and if they succeed then they could become managers, many quit the first week after touching the hot plates that came from the dish washing machine but the ones who made it thru the training were successful and are still working as managers today.

Cause my time machine is at the shop, so what's in the rear view mirror doesn't help make any $ going forward.

Spending time at my parents cottage, thrift shopping, gardening with my son, and listening to the BP podcasts while making dinner or washing dishes.

I asked where do the stats come from, how was he defining "investors", and how failing is being defined. 

Yesterday I replaced a hot water tank, the day before that I fixed a washing machine before someone was moving in. 

Check out the vacation rental machine or success str stories podcast.

These wash out loans are useful in LIRP setup when you are using loans during retirement for income.With IUL you also have many companies offering variable loan rate that most of the years will have lower interest than the gain in the policy.

The same as a steel mill or a hotel or a car wash. 

(wash/dryer/ fridge / maid service. etc..) 

So unless you speak directly to the previous landlord, you wouldn't know.If I'm wrong, I don't believe I'm far off from the truth in this matter.Also, how long was he on this "steady good paying job"?