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.

If it is built from scratch with a full fire box, then most types of wood can be burned.  

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

You will burn yourself out feeding the beast each month.  

I would argue that they are young so they haven't been burned by bad landlords or even know how to take advantage of the system.

Maybe they've been burned by landlords in the past and are being very careful.You can legally reject them based on personality, facial tattoos, body odor, or other factors, but you better make sure you can prove that it wasn't based on any protected class like race, religion, familial status, etc.

Then in 2020 it turned out cashflow wasn’t guaranteed, the government could burn your cashflow to the ground and you could lose everything.

term=clayton+morrisI alteady played and burned.

I'm burning the boats on this one and making it an obsession.

Strategies that use hope, is how people get burned, bad.