If the house burns down or otherwise, YOUR insurance is what covers that incidence.

I know the territory and it's really hard to find agents that work with investors because they have been burned out before and because of this, some may charge a fee (we don't).

Karen, I'm still amazed, and happy for you, that you found that good deal on a burn-down in Lake Forest.

See one thing about me I'm a go getter and I've already been putting hundreds of hours in and building my knowledge, so just because these people burned me and really just spit in my face with their customer service.

I sent a series of letters that targeted owners who owned their properties for 15 years with hopefully equity and possibly a landlord who was burned out.A 79 year old gentleman who owned his property for 21 years contacted me.

For some agents/investors/wholesalers it must be exhausting constantly prospecting for new clients to burn.

When I read the first page of the thread...it seemed like the buyer got burned but once I saw it was a weekly rental...forget about it.

How much is the annual cost for one house, and how likely is a house to burn down?

Don't jump the gun, You will get burned and probably turned off from REI which is not the desired result.

But, I don't want to foolishly jump into this game with the arrogant assumption that I'm smarter than I really am, and thereby get burned badly right from the start.