Before the income subject to UBIT is calculated you can depreciate and deduct expenses and losses on that portion of the income so generally it's not as bad as people think. 

I’ve seen this happen to people and it’s devastating.

This is a great place to learn and to connect with people so take advantage of all the great resources.

I have warned countless people that the "new", "Cheapest", and "shaking up the insurance market" carriers typically come into the market under priced, have a wave of claims, then they either jack up premiums to survive or fire their staff to keep heads above water.

It's sad people lie, and it is even worse when it is a fellow veteran.

The sub 550 credit score people come out of the woodwork to apply for this home. 

Does anyone have any advice for people starting out in this competitive field?

A well connected agent can also tap into their network.. for instance, probate attorneys might know of people seeking short-term solutions.

Anyone know of people that got audited for being a RE prof and what happened?

Based off videos and research i have done lots of experienced people say the homes should be under $10k.