Failure is not an event.

Failure is not an event.

Failure is not an option!

I know what needs to be done, I'm just afraid to make a move right now because of failure..yes that is a huge area.

Failure to do so will result in court action and search warrants issued for the rental properties."

Water supply hose leak / rupture, drain hose leak / disconnect from drain pipes, water pump failures, etc.The paint build-up - that will need EPA RRP "contractor" almost definitely considering the age.I have a 150+ year old rental house.

To not set yourself up for failure maybe have your goal to be to finalize your first deal by the end of the year.

Commercial tenants can be credit rated tenants with corporate guarantees or the mom and pop type.The mom and pop type carry usually the most risk as a start up.Franchised stores such as Quizno's or a Subway generally there is less failure as the corporations makes sure the operator meets liquidity and certain training requirements.What usually kills mom and pop type businesses is poor planning and making the same mistakes over and over again.This is where a franchise is strong in that with their franchise fees the operator gets national and sometimes local marketing.They also get tried and true processes and systems to follow which greatly reduce them screwing up.With a mom and pop you are going with an unproven startup which if fails has very little to no assets to go after.Sometimes a mom and pop will have multiple locations and be more credible with assets and experience that are less risky tenants.When taking on a retail tenant that is unknown or not well known ask questions about how they will bring in business and their marketing plans.Many start ups believe you open up and people will find you and the business will come flooding in.This is absolutely untrue.I remember Papa Johns pizza back when I was working as a stockboy at Wal-mart as a teenager.

.); and, even if CA common law recognizes Promissory Estoppel - it all still comes back to - how much are you willing to spend to get that $1k back.There are 2 legal requirements to "win" a lawsuit, and there is another purely practical requirement to "win" a lawsuit:1) Legal Requirement - someone performed, or failed to perform, an act - and the performance, or failure to perform, such act allows you to sue that person;2) Legal Requirement - The act, or failure to act, caused you damages that can be compensated; and,3) Practical Requirement - the defendant actually has the means to pay the judgement, and taking into account the cost to get the judgment and collect the judgment, the amount of the judgment is worth the expense....You will have 1 & 2 if the seller cannot deliver marketable title, but you will not have 3.

Failure to disclose and omission of the truth takes your credibility to zero.Before I accept contracts I call the loan officer listed on the approval to verify.