After speaking loan officer she mentioned to me that I can get more money loaned if I found a home with a separate dwelling/ kitchen etc, this is what kind opened up my eyes into looking into multifamily homes (besides this forum of course).Now I am still renting and it burns me to know I can easily be putting my money to good use if I took a different route.

You can get burned pretty easily if you buy a property with title issues. 

I told that buyer to make up the difference in cash, or we would go back to market (couldn’t stomach getting burned again).

The city may be understanding and take it easy on you given your intention was good and the electrician mislead youI but I think it really depends on the property and the inspector.The scariest thing is if your house burned down from bad wiring, you wouldn't really have any recourse if this Joe guy doesn't carry the correct insurance and bond.

I decided to exit after a tenant burned my duplex down after I filed for eviction.

Hi all,First time poster, apologize in advance for lack of terminology.My mother's house burned down this summer (June) and there has been little to no progress done since.The house didn't burn down to the ground, roof completely gone and the entire 2nd floor is gone as well including my mom and my sister's possessions, clothes, etc.There's a number of reasons why nothing has been done but I don't think it is worth getting into.

It just sounds like you got a lender that doesn’t know their stuff, but didn’t burn you too bad.

The property burned out and a person died in the fire, fire happened in August and it's been sitting vacant since.

So, not every task an owner might want to take on would have the reasonable potential to burn the house down.

But there were a lot if investors who didn't ask that what if question in advance and prepare for it, they lost everything and contributed to the huge price declines in our rental markets across the midwest.So make sure your numbers work and you have a solid cash reserve, we'll over the cost of a furnace because a tenant could burn down you kitchen (had this happen twice).