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

If the place burns down (which it very well could because K&T is a big fire hazard), and the insurance company finds out you didn't disclose there was active K&T, they will certainly deny the claim.

I think he started getting burned out.

They were also more likely to smoke in the house and leave burn marks on furniture.Now, I’m shifting my focus to families and business travelers, especially since we’re only 5 miles from the Houston Medical District and major attractions like Minute Maid Park (home to Major League Baseball's Houston Astros), Toyota Center (home to the NBA's Houston Rockets) and the NRG stadium (a multi-purpose stadium with seating capacity of 72,220).

What are the odds your house burns down or gets hit with a tornado?  

So grateful you introduced yourself.. what's the one burning question about investing that keeps you up at night?

This doesn't mean you should because out of state investing for a newbie is difficult and if you listen to the wrong people can really burn a whole in your pocket.That being said, if I were you, I would likely diversify my assets.

This will crash and burn eventually when real estate (temporarily) resets itself and reprices the assets down. 

But honestly I don't care how many courses you take you must have a local team or you will crash and burn.

Ask other LPs where they have been burned and what they learned from it.