So when a buyer doesn't meet this commitment they are sent a written notice they failed to meet that term of the contract and then I sell to someone else.afaik without a promissory note or EM deposit, technically there is no contract as they have not given any "consideration".https://www.law.cornell.edu/we...

Becoming an agent or a teams assistant is actually a pretty good idea.  87% of people who get their license fail out of the industry altogether. 

I would have to go with a hard money loan if all else fails but I'd first like to see if someone else has had any experience with my situation. 

Hi I bought a house in Danville Virginia with a tenant with a verbal agreement, he was paying on time but lately he fail to pay, so I called him he said someone got to the mail and got the money order( I don’t believe him) I sent him a late notification and he hasn’t paid yet, before he told me to buy a paint for the kitchen I did, I think he is trying to keep the money like Payment for painting the kitchen, anyway I don’t want him anymore at my house how can I handle that any suggestions, I want to do a remodel the house.

If you're buying distressed assets or assets that are under-performing or need stabilized, you'll fail quickly without a A-team in place.

One person bands fail miserablyTakes maximum advantage of technology to automate the business- This includes collection of rent, payment of vendors, managing owner trust accounts,.... 

The EM is normally considered to be what the liquidated damages are from failing to complete the contract. 

Mostly it's humorous but at the same time, I can't help but think of the many people I've met in the 20+ years I've worked in real estate, who've been told that real estate is easy money if they just pay the low, low price of $$$$$$ to obtain access to their secret, no-fail method!

You can have a brand new water heater that can fail in under a year, or you could have one last 25 years at 2.5 times its life expectancy...and a water heater is fairly inexpensive.

It is much better to fail at a smaller level than at a larger one.6.