And there's so many variables aside from just the water itself, like politics in multiple states, multiple potential failure points (Lake Mead/Hoover Dam, Lake Powell/Glen Canyon, etc), water rights of multiple competing stakeholders with often conflicting agendas (upper basin vs lower basin, farmers vs commercial non-farm users vs residential users, etc.) then there's the Department of the Interior which has ultimate authority over the Colorado River. 

In that case, the court held that the failure to sign the note means the lender could not personally hold the wife responsible for the money due under the note.

There are two basic domains of veil piercing: 1) failure to follow formalities, and 2) treating the LLC as an "alter ego" of the owner, parent, sub, etc.

Tenants who have to pay a security (one month or one and a half months), one month rent and one month realtor fee may have a higher likelihood of success and certainly have more skin in the game.Also, one of the biggest failures of new landlords who house hack is letting the tenants know that you are the owner.

Many of you may or may not consider all of this "set up costs" to be "skin in the game," but as far as I'm concerned, FAILURE AT THIS POINT IS NOT AN OPTION!!!

Failure is not an event.

Failure is not an event.

Persistence is a necessity at this point for me, and failure is not an option - I understand that there will be failures along the way but nothing that i cant or wont overcome. 

Some lenders will gladly set you up for failure and that is simply the way they do business while others don't want your failures their job is to deploy capital responsibly, they want you to come back for more.

Translated that means you set yourself up for success or failure by the deal you structure (price and terms) when you buy.