@Peter GrilleyTry the name Martin Burns.

If  property burns down and is worthless, how are you going to collect. 

residential home and multifamily is two different things. you can control your environment with a lot of discipline. i recommend spending a good amount of hours reading and listing to podcast, then on your days off check out the properties you interested in investing. you can learn really really fast, you can be above average in a few months depending on how much work you willing to put out. also what is your financial situation, and how is that first investment do for you if it goes wrong. it is all relative, if your market is cheaper and you can afford to buy and hold without needing cash flow. there's enough tools out there you can quickly learn to minimize risk. if have a good profession, i would recommend buy at places not where you want to live, but areas that you don't want to live, it usually yield a higher return. i am not talking about the ghettos where they have shooting every night, but hard working class that just trying to put food on the table for their family. if you doing single family and try to minimize risk by doing your homework, you don't need all these people. just start slow, one person will recommend you to another and you will slowly find people that works for you. you can't build a team if you never work with them, you have to go through the pain of getting burn by people and you will find the one that will become your team. good luck!

I've seen lots of folks get burned on re-fi's thinking it's a simple deal to calculate the ARV and then you'll get a 70%-80% LTV cash out...cash out re-fi's are expensive...I'm not saying it won't work, but be sure you fully understand your costs and market value.Best of luck going forward

Disaster struck last week and one of my rental properties burned down.

@Cassidy Burns what are some of the other numbers?

Last week I reached out to commercial lender and had them ask their underwriting dep't if they would see any issue with underwriting this deal and he said they wouldn't have any issues as they would be listed as a loss payee if the place were to ever burn down etc..

We have been burned 1 time from a VRBO booking who used stolen cards and a fake identity to sale drugs out of our house.

So, I opened it up and spotted a burned spot.

If it seems like they have burned someone else why would they burn me as well.