We lost his money on one, and while it didn't hurt the family dynamic, my wife and I hear about it from time to time (the latest being that he is still burning through his losses on his taxes, since he doesn't have enough passive income/gains to use the whole loss yet).Stories I have heard: there are families that have been completely decimated by going into business together, and there are families that have run successful multi-generational businesses. 

This process has lasted over the past eight months (the house burned down in April) and the insurance company that was processing the claim actually went out of business in August.  

Unfortunately you are going to mess up, waste a lot of people's time, and burn some bridges.

I’ve been interested and looking to do something for a while, and I’ve already been burned once. 

Stewart Title Company in Dallas with Melissa Burns.

I do not have cash to burn so this is a significant reallocation decision.

Hard/Private money lender's are useful for limiting the amount of YOUR that you'll burn in a deal.

If executed poorly, it can crash and burn very quick.

If you had $300,000 of capitol burning a hole in your bank account pocket, what would you do to invest it?  

I just got burned with a low appraisal this week and submitted comps to justify a higher appraisal and the appraiser was so generous that he upped the value a whopping $2,000, despite the appraisal being about 15k under what I was expecting.