I'm always perplexed that people who do remolding/repair work for a living (full time) burn so many bridges when it comes to being accountable. 

I tell them why I'm not selling the burn-out (because it's part of an assemblage and the other 6 properties next to it are part of it) or why the house next to mine will be difficult to buy, but I'd be happy, if they would (aunt died and 2 of the nephews took over and have lively drug sales out of it.

Get rich schemes tend to burn out.Change in rules, laws, downturn in people traveling to urban areas are just a few examples of things that will likely bankrupt some of these people and put them back to work at Wally World.

When Over leveraged the house of cards can come falling down very quickly - many have not experienced it because of the recency bias in real estate due to govt putting trillions into the economy but the moment things turn those who took on too much debt are the first to burn

If the story was we sold our house and looking for a new one in the neighborhood or our house burned down and is being rebuilt or we own this house next door and are remodeling so need to move out for 2 months then I’d look into it further.

There are ways you can get a second loan for down payments but highly advise against doing that as it can burn you down the road.

A podcost I heard speak on this was a few years old so I wasn't sure if there have been updates since or regulations put in place to stop people from just churning and burning credit cards for points.  

Or maybe he is a crash and burn situation waiting to happen.John Corey

@Lee Burns  In general, no. 

@Dan Forguson It just takes one tenant overloading even a nice used washing machine and burning it out to realize you do not want to bear the responibility of maintaining a washer.