Failure to pay P&I is a default in payment.

But typically the reason they leave in the first place is failure to pay rent.  

I want to take in any advice I can get and I will learn from successes and failures.

Buyer and Seller (individually, the “Indemnifying Party”) each individually indemnifies, holds harmless, and releases Broker and Broker’s officers, directors, agents and employees from all liability for loss or damage, including all costs and expenses, and reasonable attorney’s fees at all levels, suffered or incurred by Broker and Broker’s officers, directors, agents and employees in connection with or arising from claims, demands or causes of action instituted by Buyer or Seller based on: (i) inaccuracy ofinformation provided by the Indemnifying Party or from public records; (ii) Indemnifying Party’s misstatement(s) or failure to perform contractual obligations; (iii) Broker’s performance, at Indemnifying Party’s request, of any task beyond the scope of services regulated by Chapter 475, F.S., as amended, including Broker’s referral, recommendation or retention of any vendor for, or on behalf of Indemnifying Party; (iv) products or services provided by any such vendor for, or on behalf of, Indemnifying Party; and (v) expenses incurred by any such vendor.  

If that's a long-term/lifetime goal, that's definitely achievable, but for a first time goal -- you're setting yourself up for failure haha.

I think ANY investor should take the licensing course in their chosen state as you will garner a ton of valuable information....plus start networking as that's going to be a huge part of your success or failure.  

Failure is not an event.

Don't get sucked into this wholesale stuff.. that has a 90% or better failure rate.. and those that you meet that want to mentor you are really just using you to shag leads for them not create a career which is what I suppose you boys want !!!...

They are generally disasters and you are usually just buying another investors failure.

Believing they are being socially conscience is a fools path to failure.