Don't think that one particular out of state market will shoot you to success or abject failure.

Failure to supply that information IS Mortgage Fraud.

Make them Achievable, but Challenging.Constant failure to achieve objectives is depressing and demotivating, it is therefore important that they remain realistic at all times. 4.

All of the failures in investing prove that.  

After a few failures, these folks will leave the field disappointed or turn to doing what many, if not most, are doing now which is ruining the reputation of the good, honest ones: they pull a property newly listed on the MLS or an evergreen property (every wholesaler in town has tried to hustle and failed) and do a mass email mailing with slick marketing containing inflated ARVs, ridiculously low rehab estimates, and a non-negotiable, inflated asking price.

Setting up someone for failure and keeping a large option deposit is definitely shady.

On paper, these B&H failures look like flips.

If I had any advice for just starting out, it would be to stay patient and persistent... treat each failure as a learning experience and keep pushing forward regardless of the set backs.

Failure to file a mortgage and note, quit claim deed, whatever, means -0- in a court of law.

Processing payments faster does significantly increase the chance of payment failures being returned by tenant banks after funds are deposited.