But some people need to burn the bridges (money) to force themselves to do it.

Account Closed Wants to burn it all down!

I've been burned a couple times early on, but the type of personality that operates with no consideration of anyone else but themselves is easy to spot with a little experience.  

It is a great deal: my all-in will be around $105k and the home will rent for $1400/month.I think that the only problem with this home is that there is a burned out property next door.

While HELOCs always seem appealing, since you feel the untapped money is burning a hole in your pocket, consider the risks.You’ve never flipped a property Rob, and not all flips are successful.

I have been burned in both. 

Imagine you put the $100/mo aside telling the bank it’s “insurance”. 2 years later the house burns down and the account has $2,400 in it.

My partner would burn through a truck and had 1500 dollar cell bills per month in those days.So I told my partner ( the logger) Hey let me bring this into the the 1990'S.. 

Their great investment crashes and burns.

@Edward Burns - While your concern has not been proven out in court, to address your concern, people that do not want to rent to these types add an extra layer of protection.