Our SRPD has no section in it which specifically asks if the seller has knowledge there was past fire damage (unlike for mold) to the property, however, the buyer's inspection revealed burned wood that had been sprayed in the attic.

This is the biggest reason most housing providers burn out. 

A lot of other investors who go the same path will be burned and stuck under water once it's ready to sell.

For example, if I have 100K burning a hole in my pocket and don't know how to put it to work in RE, then maybe a good and proven 10K mentorship might be worth.

.* 25K middle program they give you a couple of properties minor hand holding through their pipeline to keep you happy (maybe if you dont get burned and loose money on the deal) before they disappear* 35K for mastery this is the big upsell they let you in the inner circle like church of scientology your paying to be their friend and they have to funnel you deals that the top guys don't want first so they feed you some deals to keep you happy and hold your hand.

Until you have been burned by a seller you do not realize how important an estoppel is.

I manage my own property in Virginia, and my tenant asked me to replace the oven because it's burning food.

You can get some great deals but get burned also.  

My organization burns thousands weekly on such and I am 100% certain our clients take it for granted. 

The cabin/home we have does have a full policy on it so if it was to burn down or someone gets hurt on the property it will be covered, so that is why the "crazy talk" of looking for just a liability coverage policy and not something for the property.