That's always the case, they will ignore and believe otherwise until they are burned themselves. 

Purchase price: $60,000 Cash invested: $65,000 This house was tenant occupied and burned down during the winter storm in Memphis, TN.

AND, I would require that there be a smoke detector in the garage that is "connected" or "talks to" the smoke detectors in the house so that if a fire does break out in the garage, the tenants can get out out before the house burns down.I would also make sure that there is a sufficient fire wall between the garage and the rest of the house.

This is what we'd call a "subprime borrower", again harkening back to the days when lots of folks got burned when the market declined and they realized they were underwater on multiple properties, and ended up losing all of their properties to foreclosure. 

Anyone can put together paperwork.The agents that give us all a bad name try to dictate the deal and try to get to closing table no matter who gets burned.

It is important also to talk about these things online so others do not get burned.

not beginner strategies.if you have $2M in ETFs and $350K more in cash burning a hole in your pocket, buy a new build somewhere in an appreciating market and it will cash flow... because there's no debt on it.to your point, BRRRR with minimal cash flow is fine, because everything is new when you rent it out - you're replicating the new build strategy. 

So, if I did an electrical upgrade that was inspected by the town, and my house burns down for faulty wiring (that was inspected), the town carries no liability. 

But I think we all agree that it's easy to get burned in these midwest markets that are attractively priced.

It has nothing to do with how good they are but might be an indicator that they are running a good business where they get to pick their clients.I have seen many reviews or burn posts here totally messing up a firms reputation where it did not seem the vendor did anything wrong and that it was mostly a highly picky client.