I would talk first to an electrician as many do fire alarm and life safety.

Obviously some people started some of the fires.

I feel sorry for the people losing everything in the fires , insurance will go up .But I wish I was the guy  driving this bulldozer ;t=162s

Yes, the settlement checks will start flying soon. 

Typically starting with a smaller rehab budget of $50K or less (maybe a max of $75K) and avoiding a 1 to 1(or higher) ratio of purchase to rehab costs is recommend when you are first starting out. 

We have fired owners in the past but never due to over communication.

Quote from @Alex Tang: One of my rentals was heavily damaged by a fire after Thanksgiving. 

It sounds like you are off to a great start already especially by educating yourself! 

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

Folks this is meant as a beneficial post and not about good or bad positions.   Anyone answering is not responding as a Tax accountant, Insurance expert or as a Financial advisor.   All situations are specific to indi...