The idea of purposely burning down the home came to me.

@Colby Burns  Agreed regarding the PM side with them (A member of my spouses family had a horrible experience with them)  Regarding the construction side, I cannot speak to. 

Cassidy Burns and BPG Residential

My name is Paul Hearn, and I am a new real estate agent in the Memphis area with a burning desire to work with investors that are wanting to grow their portfolios in Memphis and the surrounding areas.

Your comment does bias me slightly in favor of Indy, since at least we're talking about a manageable car ride.That said, I'd love to know the biggest mistakes you've seen - how do neophytes typically "crash and burn?"

If it is built from scratch with a full fire box, then most types of wood can be burned.  

If you have money to burn, and actually have a successful investment/loan with this company, let us know!

So shift your expectations to most of the cash out and you'll be good and you'll actually start buying deals, versus people who wait for the perfect deal, spin their wheels for 6 months terminating contracts/analyzing hundreds of places, and then eventually burn out and give up. 

IF it was not on an auction site none of the information would be known unless you do your own research. they could say its a 3bed 2 bath home and you go buy and its burned down (seen that before). 100% is on the person bidding at auction.

You’re risking other people’s money and you also need to get burned if it goes bad.