Also I hope they would benefit another less experienced investor someday looking to do a burned house.First I would like to ask how you got your numbers. 105000 ARV may be correct for that area, but at $63/ft it seems a little low.

. ;)Ray Dalio said the Fed has "tightened themselves into weakness".Soros and Bass have billions shorting the Yuan, China, and Asian currencies.Credit bubble like never before, and China is burning through reserves.

You can get burned.

I bet they used one of those little space heaters, which are known for catching fire and overloading a circuit and breaker and burn out outlets.

If you're sitting on some cash that's burning a hole in your pocket I'd keep a sittin for a bit and watching with eyes wide open.

Begin thinking:  As an owner, I have the right to rent, sell, paint, abuse and even burn any thing I own (yeah,  property would need to be owned free and clear).if I own it, I can manage it.Any law contrary would be an abuse of common sense and we might see another Tea Party :grin::Thinking no longer required{ yes, that's snide, satirical & couldn't resist :sigh: }

Although the business is doing very well, I know that it is a matter of time until I burn out of the business as it is a 8 day a week type of job, but the returns are certainly nothing to complain about.

I had 2 SFRs burned down, a duplex burned down, and a 20 unit burned down (this was before rehab was complete and it was next to a church).

Hi BP members,I found a burned down house (big hole on the roof, broken windows, and it has been abandoned for a year or longer according to the neighbor) and surprisingly, someone mowed the lawn because it looked neat.I estimated the ARV around $110K to 120K.  

I didn't find out how to do this on my own, I listened to the people that had burned thousands of dollars figuring this out.