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.

For whatever mix of these factors, the property burned through its cash reserves and has slightly negative cash flow.  

Remember mortgage burning parties? 

Having burned with few tenants, I am considering to tenant income and asset verification on top of regular background check.

This will be a slow burn project.

I previously lost 85 lbs but put it back on after being burned out.

Purchase price: $65,000 120 acres of wildland surrounded by national forest, in the midst of the Dixie Fire (2021) burn scar.