And, I don't have a lot of deals under my belt, so maybe I just haven't yet been burned too badly.

I say former just because I burned myself out working a full-time job and trying to do RE full time and one paid more than the other at the time.So, now I'm looking into the future with investing.

I am not aware if they are ACTUALLY more dangerous or not, but haven't had any issues (for example, electric burners stay hotter longer, even though they don't look hot - easier to burn a kid accidentally?).

Edward Burns , the property is in Maryland.

. , @Donald Stevens , @Eric Belgau and @Edward Burns .

Although it is grandfathered, the city will not allow for another duplex to be built here if it is burned down.

It's good to be driven, but make sure you don't stretch yourself too thin otherwise you'll get burned out!

I look at things this way, if a tenant has renters insurance and the owner has homeowners insurance in the event your home burns down the tenant isn't placing a claim on on the structure and getting a paid for it.

If you aren't going to make it a legal unit, don't bother.This.Safety.If the place actually burned down/flooded out/etc., I would think insurance might re-think they "oh, no worries" approach and try to find a loophole so they don't have to pay your claim.

But $500 is cheap, and you'll wish you had it when you're standing in front of an $80,000 burned out wreck.