This question allows me to benefit from their passion.How has failure shaped your life?

Owning rental property with no cash reserves is a setup for failure.

I feared failure way too much.

New to investing, though have bought several homes to live in over the years. We thought we found a great deal on a foreclosed home but our realtor pulled the key map of the foundation and found 32 of the piles needed...

Yes, there are many cities and communities that look on the verge of failure and are very run down and neglected.

LOAN TERMS AND CONDITIONS(1) Borrower must have a working bank account in his/her name or company name which will be used for the transfer of the loan.(2) Borrower will start the repayment of his/her loan( interest only) A month after the loan has been transferred.(3) Borrower will be given four weeks (a month) grace to payback the principle(loan amount) at the end of the loan duration before legal actions will be taken.(4) Failure to pay back the loan at the expected date / period, legal actions will be taken against the borrower by our attorney.(5) Address:You must inform us about change of circumstances and must tell us promptly if you change your residential address or zip, or if you think there is any information That We Should be aware of.(6) There is no early repayment penalty.(7) Interest: Interest rate shall be 5% irrespective of the loan amount.(8) Loan Process: It takes the interval of 2 to 5 days from application to funding.(9) Loan Amount: Loan amount ranges from $5,000.00 to $5,000,000.00 .(10) Loan duration: Loan duration ranges from 3 months to 20 years.I will need your confirmation if you are in agreement with the above mentioned loan terms and conditions.

Good luck in your future endeavors and remember with the education and experience available on this forum, failure is not an option.Regards,Hem

The 15.85% shows us the failure example of the above concept.

I feel that a good MM  is generally smaller closed knit group of peers, often in different businesses who share their failures and successes. 

I plan on house hacking a multifamily property next, so until then I will be making connections, learning the ins and outs, and always keeping an open mind to new ideas.Looking forward to sharing my successes and failures (hopefully few, but I am realistic) with everyone!