If it was to burn down and be a total loss I would not build on the lot and deploy the payout into another property.

My biggest problem was the time it took to take the property from burn-down shell to operational property was entirely too long, and I had too much of my own effort/energy into the project.

HOWEVER, we have been burned several times by borrowers who decide not to close literally on the day of closing.

When they get burned, by getting EXACTLY what they paid for, they post onine that all property management companies are terrible:(

I've noticed with many FSBO's that I've helped sell properties for in the past that they are usually a little burned out by potential buyers wanting to do multiple showings and or falling out of contract due to either financing or cold feet.

You can churn and burn tenets to bump rents at every available opportunity, but there will be more management, maintenance, and turnover - which often isn't worth it. 

This time the government will not be able to float the note for homeowners who are upside down.I have $350K burning a hole in my pocket to purchase a new house in Palm Coast Florida.

It burns a hole in my pocket if it just sits there and does not work for me.

My first flip was a house built in 41' and my second was a burn house.

I am an architectural photographer who photographs model homes for large national builders like Toll Brothers, KB Home, John Burns, Lennar, and Dr.