Someone once told me " you make money when you burn soles" I'll never forgot that.

We have been burned by two different transactions where the seller used our offer to drive up the price of someone they were already planning to sell to.This week we made an offer on a 6-plex in our vacation area which is 100% long-term rented currently.

That would just burn a bridge. 

She refused to let him in so he tried to burn the house down and kick in the door!

I know several of the MFH in that part of Roseville have those 1950s oil burning furnaces, they are at their service life, so it dies it dies.Also, you will need to put in Central Air I would guess.I get $850 and $725 for my units.  

Kind of sounds like an industry created certificate...the best they can do if no lobbyist to push creating a law to require certification to rehab burn outs.

We burned the money up in order to do the 1031 exchange.

I do see your point with the here today gone tomorrow investors, being that you take risk every time you turn and burn new partners.

The fat is currently being trimmed. 

A number of people have been burned thinking they had a "home stay" when the city had a different definition (the city does not want potential long-term rentals diverted to STR's, so they are interpreting "home stay" very narrowly).CREIA (Carolina Real Estate Investors Association) had a specialized sub group that met monthly just to discuss the short term rental business in the Asheville area.