I had an investment property that burned down recently.  

There are risks too, when buying condemned and burned-out houses because you may not be able to control the environment where these properties exist.

Searches, brainstorming, writing, analyzing, counting calories (I workout a ton), cooking recipes, reminders, EVERYTHING.  

Building my buyers list for $10k "condemned/burn out" VALUE ADD Homes in Southwestern Michigan (5 minutes to Lake Michigan/90 minutes to Chicago).

Any luck purchasing 10k "Condemned" & "Burn Out" Homes?

Any luck purchasing 10k "Condemned" & "Burn Out" Homes?

Any luck purchasing 10k "Condemned" & "Burn Out" Homes?

Quote from @Robert Burns: Just ran my 1st REIPrintMail campaign and mailed out 1300 check offer letters. 

I've seen people buy so many units that they burn out trying to juggle maintenance, tenants, turnovers, etc.

I totally agree with your point that if the property burns to the ground next week, and you have two different underwriters with liability -- one to you, and one to your wrap buyer -- neither insurance company will want to pay a penny.