U only have to be burned once when title comes back 3 days before closing ( which can be very common in abstractor  states ) only to find it title is buggered.. title companies and closing attorneis may have their process's but a good agent just lets them know this is how escrow is going to flow.. they will wine but it cost 200.00 for a title search and we dont want to spend that until we know we have a closing.

If it is built from scratch with a full fire box, then most types of wood can be burned.  

If you have turnover after turnover, you will crash and burn eventually.

Then determine your burn rate, days between call to cash, take down ability and average profit per opportunity. 

@Richard Bautista could be legitimate, but could also be a "churn & burn" situation.How will you know the difference - before it's too late?

No risk, unless someone burns it down.

And just the other day, I was grabbing coffee with a friend who reps a group of invsetors out in San Antonio.. they got burned early on by not clarifying their rental criteria, picking up a triplex that sounded good on paper but turned out to have a revolving door of problematic tenants.A baseline business plan isn’t just a mind-numbing exercise.. it’s the guardrail that keeps your momentum from swerving off into the ditch.

Spent all of the "Dry" season clearing land, bulldozing, burning, discing, then plowing rows.

You should never allow a wood burning fire place in a rental property to be used by tenants.

Let's view this another way, a tenant applies to rent who was convicted of burning down a previous landlords property.