Or focus more on transactional real estate like flipping/wholetailing, or an ancillary RE adjacent business (hard money lending, brokerage, mortgages, RE tech, dumpster biz, etc.).If I got bored with it or burned out, I might shift to more passive parts of REI like syndications or NNN leases. 

I have been burned by this before, I bought a property that was being used as a triplex, and the county zoning had it listed as a triplex for use, when I went to renovate the property the local city government said I had to rehab it to a duplex as that was what their zoning called for.

More COs may be required if there are other fuel burning appliances besides one furnace.

I think that this is a point that a lot of investors hit though, where they burn through their dry powder and the next time they get more, they are much more cash strategic about it. 

I am just entering Real Estate because I am burned OUT from my current work!

If guests burn through 500 gallons of water quickly, it doesn't matter because the pump fills it back up overnight.

Quote from @Carol Burns: Anyone here invested in STR's in Blowing Rock NC? 

I'm a little partner adverse in general because I have been burned too many times.

Please don't burn me because these are estimated numbers that I came up with with the little knowledge I have now...

Seems to me you should be able to put things on the lanai that allow enough space for someone to exit a burning building but not be able to use your lanai.