With only a few properties you will burn up your cash flow trying to protect from a very small percentage event. as long as you have good practices,  dont co mingle funds, and have great insurance, and if you are worried an umbrella policy over all of it, your loss will be the value property if your firewalls are in place at max. 

Then I make LOI offers on a dozen deals.I usually get into escrow but I feel the softening of market so less active buyers etc...Anyways i'll keep yall posted hopefully I don't get burned jk Lets be real here I'm a local noob.

I've even had a successful investment property (+$600 cashflow monthly) in the past (burned down unfortunately). 

What if a tree fell through the house, or what if it had burned down, or what if the tenants destroyed it. 

Here are some of my burning questions: What is your #1 challenge when it comes to hosting on Airbnb?

If the IRS was going to have heart burn it would have it with the first dollar out.

Here are a couple examples that I've worked with.Example 1 - South End of Sewell - BRRR Duplex (2/1 & 2/1)Acquisition and Rehab was $200kARV: $240kIn the deal for $20kRent Roll : $2800 a month(1400 a unit)Mortgage: $1400 a month (200k @ 7 %)Taxes: $516 a monthInsurance: $100 a monthLicences/Sewer/Gas: $20 a monthVac/Capex/Repair: $316 a month (that's a lot but lets be safe)Cash Flow: $448 + you have 40k in equity and a fat safety net each month due to an accrual rate of $316 a monthExample 2 - Lindenwold SFH - BRRR 4/2Acquisition and Rehab was $110kARV: $140kIn the deal for $5kRent Roll : $1700 a monthMortgage: $700 a month (105k @ 7 %)Taxes: $441 a monthInsurance: $90 a monthLicences/Sewer: $15 a monthVac/Capex/Repair: $200 a month (that's a lot but lets be safe)Cash Flow: $254 + you have 35k in equity and a fat safety net each month due to an accrual rate of $200 a monthThe Sewell usually has ideal tenants and very little headaches.

When May came around and we experienced heavy rain, the roof started to leak, ironically in the laundry room over the HVAC system, wetting the motherboard and burning it out.

I have heard many of the folks who got burned out will not be getting enough to rebuild.  

I am currently getting 15% on a 6 month loan.Make sure you vet the person you loan to so you dont get burned.