It still has the previous owner who failed to make mortgage payments as owner.

Her tenant had bad credit and failed to pay the rent putting her behind on her payments.

When running your first Adwords campaign many will actually fail.

So they doubled their purchase price by failing to do due dilligence...

Remember, history is written by the victors -- had our forefathers failed in their attempts to create a new country, we'd all be sitting in British history classes learning about the traitorous infidels from the 18th century who attempted to destroy the righteous British empire but who were luckily brought to justice before they could succeed.

Not good, but better than the alternative below.I *think* the rumor that David was referring to is that the bank is sitting on lots of REO (not foreclosure) property that hasn't been released to the market.In other words, the families have already been kicked out of the house, the house has already failed to sell at auction, and now the bank has the deed back in their possession.At this point, the houses are sitting vacant and the banks are not listing them, as they don't want to flood the market, which would increase supply and values would drop.

Shouldn't bad investors be allowed to fail?

You may find out that it is FNMA/FHA Uninsurable and the property will fail underwriting.

it can be big or small...if you fail to plan, you plan to fail!

Suburban to rural can be great investments if you do your research and know what is going on and helps especially if the local economy has many types of trade propping it up.This way if one leaves or fails the government can usually get something else in to cover the shortfall.There are many,many other things you can check as well that you do for planning on larger commercial projects.For house rentals I don't think it's necessary to go real deep with it.