Roof or furnace failure makes me squirm a bit but a cash reserve helps me sleep at night.  

. - absolutely, I mentioned the event on a prior post regarding property insurance.The tenant living in the unit had their electric shut off by the provider for failure to pay and upon re-connection was told to shut the main breaker off.

I do have a failure to take occupancy piece in the lease, but the wording in it really is more geared towards a 12 month lease.Thanks for your advice!

This is beyond crazy and I'm extremely frustrated at this complete failure of the MN justice system. 

My obvious reason is fear of failure. 

Im looking to network with other REI to learn the ropes and just to here everyone's stories of success as well as failures.

The failure rate is high and only those fully prepared have the slightest chance of great success.If you save and start with your own money others will come to you with their money.

DefaultHaving followed the terms of the Consumer Credit Code, 1995 and without affecting my right to demand repayment at any time, I may demand repayment if any of the following happen (defaults): if you fail to pay any money you owe me on the date it is due and this failure last for more than 30 days after I have written to tell you that the amount is overdue; if you break any of the terms and conditions of this agreement and you do not resolve the position within 30 days after I have written to tell you to do so;if you or your guarantor die or do something which could lead to bankruptcy;if your guarantor serves me with a notice that he or she will no longer act as your guarantorif any decree, judgment or order of court is obtained against you and you do not pay it within one month from the date it was issued;if any information supplied for or by you in application for the credit facility was false, misleading or inaccurate;if you do not provide me with the security within 10 days after I have written to ask you for it or within any extra time I may allow; if the security is also security for other money you owe me (or any of our subsidiaries) and the security becomes enforceable to pay any of the other money.10.

The emails and texts paint a clear picture of your dishonest behavior, combined with your failure to comply with the terms of the lease, (paying rent on time, paying late fees when you pay late, paying your utilities).

For the investor you can acquire great properties at good prices and how you run your business and manage your properties will determine success or failure.