Due to amortization schedules front loading; you could be burning money if you go light on your down payment and use a 30 year. 

When you say "open to investing anywhere that makes financial sense" you just invite everyone to pitch, especially when you also say you have 400k to burn so be careful.

Recently Clint made a post about the land market has been tough & how he felt burn out from teaching things that don’t work like they used to.

Reputation and referrals matter.I invest out of state, and I’ve been burned by bad contractors before—it’s a fast way to lose money.

Can anyone give me a candid review to ensure that I wouldn't get burned from this VA company  me and my partner can testify, closing our 2nd for the month in 10days, $11k spread that we anticipate 

I just wanted to say thank you to @Tyler Jahnke and all that have contributed to his excellent documenting of his journey with Morris Invest and his Indiana property.MY EXPERIENCE SO FAR (For those with time to burn)I made a reservation online with Morris Invest on June 30th of 2016 and received a phone call appointment for October 6th - an almost 3 month wait.On that day I got a call from a 727 area code which turned out to be a gentleman named Dave Koehn who said he was an associate of Clayton's.

Hello, I’m interested on getting some insight from anyone willingI currently live in Seattle and want to get into REI but the cost out here makes it tough to be able to get involved without capitalI read the out of state investing book and it got me interested in trying somewhere that I don’t have to burn up all my capital to get started1.

My best guess would be you had carryover losses but consider the opportunity cost of burning them up. 

At some point if you want to be an Entrepreneur you have to burn the ships. 

One thing I did note is my insurance is $3K a year lower due to the monitored fire suppression system in these larger properties versus my smaller properties that sleep 12 or less built close to the same time.As someone who has lived in Illinois twice, the politicians there don't care if people burn as long as they can tax and spend.