My properties do not usually rent the first month or two when i buy them if they have a vacancy, partially because the first thing i do is fix up the vacant unit. you just need to prepare yourself for having that possible down time, but adding more dept to pay that monthly dept, you may be adding logs to the fire that is already burning and could get out of control, know your market area, make sure you are comfortable with buying the property with the knowledge that it will rent.

And how do you know the well and the septic didn’t also get burned up leaving you to dig some very expensive holes in the ground?

When he falls asleep on the couch smoking, burns the place down and kills everyone you might rethink your priorities.

I am very new and have a burning desire to learn about REI!

Concentrating all my money into a single house, and hoping it doesnt get burned down :P.

Worst case you could find yourself with unwanted tenants living free while you wait out the redemption period.

If your are lucky they will just burn your house down. 

OMG... the fireplace blew up.. you said we could use it, it's not my fault we burned the house down.I had 2 units that had fireplaces,, old Victorian house..

Relationships also change over time and lack of activity in remote investments can burn you.

My goal isn't to say you didn't do it and discredit to you...nor is my goal to say no one else should try it and be the wet blanket smothering the burning fire of entrepreneurial spirit.