Don't wing it and get burned...there's a lot of folks out there who enter into contracts every day with no intent of ever closing - nor can they financially do so.  

People get burned badly, so they are quick to warn other about their losses.     

That way if you accidentally burn something on the stove while you are cooking, they won't go off.

Having a contractor be your PM for the cheap is a recipe for crashing and burning. 

While I loved the Corps, my heart was burning for things more entrepreneurial. 

I have the funds burning a hole in my pocket, can't find a decent place to buy.  

Every time we try to help someone, it's far more likely to burn us. 

@Shawn Burns give them required notice upon closing on property.

One of my biggest markets for properties is burned out landlords that did not purchase or manage their rental properties correctly and what appreciation the did get was quickly lost dues to deferred maintenance.I always look at a rental property as I want it to be a self-sustaining investment.

Truth is most lenders just turn and burn primaries all day and don’t want to work with people who aren’t living in it because it’s outside of their box.