These fires are so hot even the steel structures melted and burned. 

If you get greedy and put #3 in front of #1 or #2 you can get burned like any other market. 

I've seen many investors get burned because they failed to understand their hard money loan terms/rates, even if they did acquire what should have been a home run deal. 

We talked about an aggressive paydown at a rate of $5k for the next 6 months to make the deal sweeter for the next person, but renting it would be preferable to that I believe since I can get a higher return on smaller development projects at a burn rate like that. 

Sadly, the place burned to the ground back in 2016.

So yes, you can have solid concrete walls, it's still going to burn down.I have read that worst case up to 80 million Americans will relocate in the next three decades.

I'm originally from Florida and jumped into real estate after burning all the boats. 

Quote from @Brook Burns: Thanks so much for the recommendations!

They are not very mobile and this neighborhood looks about the same, demographically, as it did at the time of the Race Riot of 1967 where buildings all around your property were burned to the ground.

So, hot Zip codes, don't touch or you'll get burned.