For example, take a fat food franchise.  

Thanks  Sorry Couldn't seem to edit. 200k property with 200k in insurance not 100k my fat fingers messed up :) The quote is a little above 300k

We were of course never deceptive, and they were aware it would be a short-term rental.So now I am just praying the house doesn't burn down while my agent is trying to find another company. 

I took out a mortgage at ~7% and now simply burning cash.

You may hear of people who are successfully doing it, but there have been lots of instances where people think they found a great scam to pull and then found out later it was really illegal or they somehow get burned when the jig is up.

Great area for MTRs and STRs, but the market is very cluttered and many current STR owners have open calendars because of the mistaken belief that horse people have $$$ to burn - for that demographic, go to WEF - the Wellington Equestrian Festival further south.

@Brian Burns You could do things this way, but it will be slooooow and taxes will eat your flip profits alive!

@Sunny Burns is even more impressive and was on the BP podcast way back when. 

If your loan is in a 2nd position what recourse will you have if there's a foreclosureInsurance- Do you want you or your company named on the Insurance policy if the place burns down so you get paid?

Hello Anthony,I've been working with 2 Investors who've decided to actually pay me in cash.This became a bad habit for me because I've gotten burned twice on two deals a little while after that.