From that, I developed a theory that no healthy young person ever experienced a failure of their refrigerator or window A/C during the summer. 

The biggest difference between me and you and people that will never succeed is the fear of failure.

I'll discuss what my strategy is for the house, and then we'll all discuss our "Haves and Wants", success and failure stories, past and present deals, vendor referrals, strategies for 2016, the current state of the rental and sales markets, and more.

Jeff - thanks for the comments, but it still make me wonder if Class C is ever a good idea because you then have to deal all these tenant issues....Up to this point, I have always been investing in condo in San Francisco, whereas your typical tenant is someone making $300K a year in salary, travelling 60% of the time, and you talk to them once a year when you do your annual increase....Lately I have been thinking about getting into multifamily just to scale faster, as the above mentioned condo in San Francisco are now like $1.3m a piece....But I got scared by the stories I heard....any successful or failure on Class C that I can learn from?

Failure is absolutely not an option.

"The failure by Greystar was in not actually reading the background screening that they had in place.

If so, I would think the bank would have to follow through on that or would be liable for some sort of failure to deliver contract law issue.That also might be worth pursuing.Lastly, given the judge is already fuming at the bank and the bank's attorney will probably be aware of that, I might also consider trying to catch the bank's attorney before they go into court and see if you can work some agreement out with them so they can avoid the tongue lashing of the judge as they come in.

Using other people's money to do deals is powerful but comes with risks if you do not have sufficient reserves and can lead to failure and having real estate be a huge burden instead of rewarding.

Even if it did not show on your credit report failure to disclose the loan on a mortgage application would be mortgage fraud.If the loan is in the name of the LLC and you have guaranteed the loan you still have to disclose the loan when asked on the application.John Corey

I have failed much more than succeeded in my endeavors up to this point (not failure only feedback) today as I write this.