Got a question for the Jersey City hosts - I bought a single-family home recently and plan to rent out some rooms. The rooms to rent are ready and overall the house is in good condition.
However, due to a leak that...

Hi Robel-Thank you for sharing you have been experiencing self-doubt and its is making you feel like you will fail in your real estate investing.I appreciate your honesty and making yourself vulnerable with the question. 

One fire they had lit under and under pass and weakened it and it failed :)  Also they burn up their RVs and campers pretty often then the basic tent fire...

I'd love to hear people's thoughts on the current market and any success/fail stories in the Phoenix area.

I don't think 95% fail, I think a vast majority of that don't try.  

One of the key take aways from your response are that none of contingency plans involve your own capital, and if you fail, that will be why.

The truth is, most new, aspiring investors don’t fail because of a lack of information—they fail because they don’t take action.

I suspect it's an old line that failed and required replacement.

They can be problematic for guests to use, rely on connections with other devices that can fail, and are often easier to hack than a key lock.

You’re going to fail.