I have owned a few duplexes and have recently sold two, now I have cash burning a hole in my pocket! 

I wouldn't want to get burned by a tenant that will not move because of a previous contract.This is a Florida property.Anything else I need to be concerned with?

My sense is that small investors are at real risk of getting burned as supply increases along with vacancy rates for student oriented properties.

You should ask yourself: what if I burned my landlord's carpet?

This guys 48 unit building was burned down because 1 tenant was trying to make some kind of drug and did not mix the chemicals right.  3.

You might burn some human capital (like, frustrate your broker/banker/lawyer or the other side) if you go under contract then find something you don't like and don't buy... but obvious I'd prefer to do that than to buying a house with expensive or difficult issues.I know from experience that FHA loans for 3+ family homes can be a little challenging (they have to meet a "self sufficiency" test, where the rents for the units have to substantiate the carrying cost of the property).

So we (North Americans) are sitting on the largest reserves in the World of an efficient, clean burning, and cost effective fuel source (Natural Gas) and the politicians response is to ban using it.Only in government folks.

The biggest is when a tenant had a SWAT team standoff and burned my home in the process. $65,000 in damage.A local family is investing millions of dollars into new student housing.

I was burned too many times so I am happy to now only offer pet free housing.

What I took from that is, if you go install a bath fan and burn your rental house down, your LLC is not going to cover your butt.