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. 

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.

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

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

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.

Otherwise, they will just end up ignoring you and you'll get frustrated. 3) Naive/newbie investors get burned all the time by only looking at the numbers - w/o fully understanding how the location/property/tenant will affect those numbers.- They often get sold Class C or D properties while using Class A assumptions - then wonder why they are losing money.Here's some copy & paste info that you hopefully find helpful:-----------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

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