It is a matter of getting out of your comfort zone a little bit but not so much that you will burn out or lose sleep.

And just the other day, I was grabbing coffee with a friend who reps a group of invsetors out in San Antonio.. they got burned early on by not clarifying their rental criteria, picking up a triplex that sounded good on paper but turned out to have a revolving door of problematic tenants.A baseline business plan isn’t just a mind-numbing exercise.. it’s the guardrail that keeps your momentum from swerving off into the ditch.

U only have to be burned once when title comes back 3 days before closing ( which can be very common in abstractor  states ) only to find it title is buggered.. title companies and closing attorneis may have their process's but a good agent just lets them know this is how escrow is going to flow.. they will wine but it cost 200.00 for a title search and we dont want to spend that until we know we have a closing.

But I also have been burned in the past buying mentorship’s that didn’t work out. 

Maybe they've been burned by landlords in the past and are being very careful.You can legally reject them based on personality, facial tattoos, body odor, or other factors, but you better make sure you can prove that it wasn't based on any protected class like race, religion, familial status, etc.

That would burn through around 10,000 - 15,000 gallons in 24 hours.

An investor with shallow pockets could get burned in Austin at this time.........proceed with caution.  

LOTS of sellers got burned back during the foreclosure crisis with Sub2 deals. 

Strategies that use hope, is how people get burned, bad. 

We don’t burn our bridges when they get more expensive, we just use them less.