Have you been burned by it?

I’ve done lots of work with web stuff (React, NodeJS, MongoDB, etc), and some mobile development with React Native or Java (Android).If anyone wants to meet, I’m in Boston until December!

I was burned by my last tenant (and really, my own decisions) because I think I allowed some things to spiral out of control.Rent-wise, no exceptions -- due on the 1st, 3-day grace period, eviction path starts immediately following the grace period.But what do folks do about property visits, inside and outside? 

Not a traditional REIA (there is no shortage of those in SoCal) but more of a clearing house style meetup where borrowers and lenders meet for the one specific purpose.Actually, the more I think about it the more I can see a lot of folks getting burned, both borrowers and lenders.

My 2023 goal is to partner with someone(s)on a ~500-acre village in Tennessee (willing to consider other states if the land is right) by the water consisting of: A-frames, tiny homes, glamping tents, and treehouses complete with amenities I have come across on my travels: zorbing, zip ling, outdoor movie theater complete with stationary classic cars and space for outsiders to bring their vehicles in to park, above ground shipping container pools with see through plexiglass, lake blob, monthly mini burning mans, pool/sand volleyball, outdoor music venue, drone racecourse, 3d print stations, planetarium, and other ideas to get people to "stop the scroll" and provide the most unique experience imaginable.

It's tough, because as investors we don't want to write a check, and end up getting burned.  

Trying to overly simplify a complicated subject even further, could I safely say that not having enough reserves, because of a lack of planning for the worst and just assuming something will cover you later, will always burn you in the end (barring you just plain get lucky)?

Do you buy insurance on your house in case it burns down? 

Im 26 years old, I live in Denver and I’m a bit burned out in my current career path.

An ugly deal is something you lose more than money, you lose your will to keep going; maybe you get sued, maybe you buy a house at an auction with a mortgage on it, maybe you skip getting insurance to save money and the place burns down, etc.