Most were excited until, I mentioned the part about the bar/tavern as suggesting they have a high rate of failure which scares the daylight out of investors.

My best advice is to not let the possibility of failure scare you from moving forward and making a mistake.

I plan on posting a bunch of blogs documenting my experiences (especially my failures) in hopes that someone else finds the help they need.

This is definitely the place to learn from the successes and failures of others.

Execution is key, failing is learning and experience is gained through failure.

Remember, your failures do not define you unless you let them.And when things are not going the way I think they should, I try and remember that I can't change the wind but I can adjust my sails.

If you're not honest with yourself, then you're doomed to failure.  

So its critical that you Vette the sponsor very carefully.I would postulate that something close to you in Vegas that gives you a decent rental return that you can watch over like a hawk will perform as well as something out of area that touts higher returns but your success or failure is 100% riding on PM...

The risk of failure is far to great.

Failure to pay rent mayalso be noted on your credit record.Please sign and return to verify youare choosing to abandon the property.Tenant __________________Date_____________I can be contacted on 218-391-1839.Email: [email protected],Patricia Shaw Iowa Avenue LLC.