I saw many brokerages get cocky last upside and grew too much and then burned through cash waiting for the cycle to turn around quickly and they evaporated most of their profits before scaling back or pulling the plug.With Trumps tax policy nobody knows for sure but everything I have read points to a strong top cycle extension for the next 2 to 2.5 years before the natural cycle down turns happens.

And then a nightmare tenant situation comes along and burns up all of your "savings" in 2 or 3 weeks of calls/complaints/issues.

I've seen some long distance investors get burned out here, but for the people that actually know the local market or have a good set of boots on the ground, there are a lot of opportunities.

@Monique Burns, Depends on what & where.

@Sunny Burns Typically I stand in a corner and face the door thus showing the entrance, windows, and closet for a bedroom just as you did in your third picture but without the fish eye lens. 

It's so hot it would burn the 1003.

With a hand in every pot, you just might get burned

Outside of those generalities, where I think investors get burned is that they don't really understand the neighborhood and tell themselves that an area that's really a "C" is a "B-". 

I've been burning though the old podcast and just listened to episode #70 with Grant Kemp.

If you burn out here, I'd suggest you go there.