I have been burned by allowing customers to purchase their own materials from their own vendor.  

I had $8,000 and a burning desire to do a deal.  

I have had a similar experiences in the past however most out of town tenants today will spend more time vetting the properties since some prospective tenants have been burned and some landlords too.  

Thank you for the suggestions @Travis, I guess it's a good thing I didn't burn that bridge just yet.

Two weeks after this one closed the title company finally got the title updated for the fire-burned house and that one closed and I collected another $1,900!

I bought my first house seven years ago and have managed to neither burn it down nor have it foreclosed on. =)

I'm assuming he permits the rehab to begin with.During the foreclosure process the house lacks insurance and it burns to the ground making the asset not worth foreclosing.     

I want to do my homework so I can make the best possible offer for all parties involed, and not leave money on the table and I also don't want to get get burn.

It isn't impressive to me that a platform has a giant burn rate.  

I also want to make sure I don't get burned by someone too.