What to do or not do crucial information in business other people mistakescan save you time & possibly failure stop you cold dead in your tracks in never succeeding  at  all the task at hand property investing or wholesaler you have to sharpen up your skills critique your plans we don't all do things the same way.

There are no excuses.Identify the reason for failure. 

I have reviewed the Realtor's offer language and noted it has a back-out contingency based on dissatisfied inspection and on failure to obtain financing approval. 

The house hasn't been rehabbed in 30-40 years so the condition of the plumbing, electrical, and mechanical behind walls were unknown. 

Great questions - I too want to understand these "low level mechanics" of Sub2's.  

I served from 1999 to 2003 as a jet mechanic (aviation machinist mate). 

Yup my lawyers was with the Richdad team and I went with Amanda Han for CPA, its true what they say, its the your team that sets you up for failure or progress. 

I knew that some of the mechanicals would need to be updated.

If you have significant doubts and their potential failure will put you in a real bind, you may want to pass on the deal. 

Forget about failure as a possibility for you.