I met quite a few people who got burned in 2008-09 and that was part of the reason I keep high cash reserves and don't over-leverage myself.

Yes, try to avoid burning/using your money from your savings account unless it's you have extra savings to spare.

It is a fabulous resource and I hope you don't get burned out by all the questions. 

I am a lender (and investor) but as I lender I have seen countless times where newbie's buy sight unseen blindly trusting their "team" and they are burned.

And would you please imagine what the social media giants do with your “ secure “ information.I burned bridges that day.

Insurance on these older comes is hard to justify in many cases so unfortunately this home only had liability coverage.This fire was tragic because we had just finished renovating it and were taking applications for new tenants.These trailers burn fast, very fast.

I have no background in real estate but a burning desire to generate passive income. 

Millions upon millions of jobs lost "forever" ("exported" to the "third world"), more millions lost half or more of their retirement accounts, creditors slashed and burned consumer credit to the point where, by the banksters' own numbers, some 74% of Americans wound up with "bad" credit (it was only 47% before they did that), ...Now, add in the knee-jerk responses in the lending industry and you've got a situation where only the elite of formerly middle-class wage earners can even hope to qualify for new home loans.In fact, the given the current housing shortage (yet more fallout from the crash), it is ONLY the dearth of lending which is keeping home prices from launching into interstellar space by suppressing demand.

Burn them, and those deals go elsewhere.

But perhaps it is the thoughts and experience that matters the most; and maybe more so to hear the feedback or new ideas... or maybe just simply hear the voices outside the one in my head.I hope this is the right section to post this under, and I sure hope BP is the right place to finally share my story:=============================================================2008: While at UT Austin, the world crashed and burned.