For a hot water heater to blow up, it would be a faulty pressure relief valve combined with a limit failure on either a gas or an electric unit, both on the unit itself, a blowup wouldn't be caused by the guy running pex to it.

A seller has a greater financial interest in the failure of a borrower, as many investors demonstrated by taking the down, collecting payments, going to foreclosure, rinse and repeat.

Some people truly do care and refuse to accept the failure of Detroit.

And even when I do this I still haven't had a failure of the structure.

Persist until failure quits and you'll be showing off your first wholesale check to us in no time!!

@James Clayton  We were doing wraps in the 80's when the all inclusive deed of trust was created: as a way of protecting the buyer of the wrap.And like Aaron I have seen many try to use this scheme of buying properties with little equity and selling to low down credit risk folks.. and make the delta maybe a few hunderd a month.. and the idea is you get a lot of them and you create cash flow Blah Blah Blah.Well those are transactions that are ripe for failure and one can get in a mess of trouble with regulators if you have a bunch of them go bad on you and you have the sellers filing complaints against you, as they lose their homes or their credit.I have done 100s of sub too's over the years not just a few but hundreds,  however like Aaron and many others we kept them as rentals or then just sold them for profit down the line.  

Winston Churchill said that success was going from "failure to failure without losing enthusiasm."

I feel like you're setting yourself up for failure by always looking for a home run.Perhaps you're exiting the entrepreneurial phase of your real estate career and entering the phase of just running a successful business.

Failure will never overtake you if your determination to succeed is strong enough" From The Greatest Salesman in the World". . .

Mortar between the blocks were turning into sand and he could see light through many of them. 70% failure was his estimate and said a repairs would likely be at least $50k ballpark.