I added a gas fireplace insert in an existing wood burning fireplace when the original chimney was damaged in an earthquake.

Equally notable, is that you will burn through contractors as you complete projects. 

I don't want to burn my bridges 

Thanks for the great info @Cassidy Burns!

@Jay Yoo My tip is don't be shady like that in the future, you tried to trick the seller and got burned take your lumps and buy the property, or walk away with a lesson learned.

We can do this and not get burned because of my training and experience as a renovation contractor over the years.

Have you looked at John Burns Real estate Consulting?   

There's a work/life balance in the industry, and it's important that you don't burn yourself out.

You are right in saying Steven that most of these syndicators are "being saved" by the market but when the market turns south and cap rates start to increase, a lot of investors in syndications will get BURNED big time!

So they are capitalizing on the value add appreciation, which kind of burns me to even consider this deal.