I wanted to burn it to the ground and get out of the business.As far as this lot issue.

here's a contrarian view - run the numbers, sometimes it might make sense to not carry insurance.If you're diversified enough that one property burning down won't really bother you that much and no plan or need to rebuild, then why bother with insurance?

@Edward Burns , Thanks,Once the humidity has stopped shouldn't that go a long way to preventing recurrance?

Seems like there's less risk involved in that....There just seems to be a lot of moving pieces and I don't want to get burned before I even get out the gate...

I don’t know their specific policy but it appears they’ve been burned enough by lenders who can’t perform that they are asking to see the cash in hand.

As they burn down or get demolished, they aren’t replaced by new ones. 

Judging by the burn marks from shorts I was amazed there were no fires.At first we wrapped electrical tape to cover the exposed areas of the switch/outlet but it was too tight a fit.

Onto the point...On each end of the spectrum you have "newbs" who jump into REI with no regard for the risks and without nearly enough education, just waiting to get burned...then you have those (like myself) who have spent years reading and learning but can't seem to take the leap, for fear of getting burned...HOW do you know when you're ready to get started?

Anyway, I tell people to forget that "spring" thing because people will start getting income tax refunds in February and that money will be burning a hole in their pockets.

And it really burned me up that there was no thought about teaching our students about entrepreneurship, business, etc.