Obviously, if you've got money to burn, go get it!

@Brandon Sturgillit sounds like you've seen some investors got burned, was this in your market or somewhere else?

Most homes don’t burn down either @Charles Granja, but this is not a reason to avoid fire insurance.

If a fire starts because of improper wiring and burns the whole house your insurance won't pay.

@Kristina Sparrow I agree to a certain extent, in that I'm not going to get burned too badly by my inventory from a property tax perspective.  

HML will give you a pre approval letter once you have been vetted.Keep in mind though when you do a loan to BRRR your going to burn through at least 7 to 15k in financing costs depending on the price of the property.. 

This is another way inexperienced investors often get burned.

It has been brought to my attention recently that a large company got burned on 2 or 3 recent occassions from a perpetrator of fraud.Here is the story.Perpitrator purchases property under false pretense by forging a deed and having a notary and escrow in cohoots.

That market crashed and burned the 2007ish crash.

@Cassidy Burns and @Sovat Chheang thank you for your replies!