The largest local grocery store has attempted three times to lease option the land from seller but deal fell through because of the main and only hiccup--failure to do required environmental testing (soil and water) , and have dep of eco issue a letter of no further action.Seller is desperate to sell, they started the testing process about a year ago (dep of eco requires about 12-18 months of testing period) Borrower needed 250 K to paid the seller's lender off, then do a OWR promissory note for 250K with the seller.

Lots of room for failure, but I'd rather do something (hopefully an educated something) and fail than not do anything.

(We hear this complaint often.)Another thing lacking is the failure to understand a client's needs and goals.Last but not least, most providers we know of, talk to, and work with, lack a clearly defined written set of procedures and systems.Continued success!

Learn as much as you can along with markers for success or failure. 

You learn more from failure than you do from your success.

My point is that if you plan your future based on the phony cash flow number, you're setting yourself up for failure.

Failure rate for businesses is much higher than 2 in 5.

Crossing my fingers, if my offer is accepted I will start a new post documenting start to finish my 203k process, successes, and failures.

It is true that there are great success stories, and also great failures. 

The difference between success and failure is that successful people go through life doing things even though they may be terrified and unsuccessful people never take action.