For example, if one of your tenants burned down one of your investment houses, the insurance may pay for the damage but if the neighbors also got burned down, they can sue you and go after your other assets. 

She was crying and explaining this house was a money pit for her, she had no money or knowledge to fix it up to sell it, and just hoped someone would burned it down honestly..

Or am I walking into a flaming pile of burning disappointment?

And its worked well for me..Being a developer is tough, you will burn thru money like nothing else. 

But you can easily get burned in this arena.

You are going to be burned out quickly....With PM taking 30%, are you still making money after all expenses including PITI?

Majority of which came from not doing my due diligence from a GC and getting burned for 50k, but wholesale and tax sales have turned it all around!

As far as taxes...argh...burn the tax code.

When that happens, the plug gets hot and the receptacle and the wall directly above it get black sticky smudges, like these.Can a plug in scent device, when running out of oil for days, still burning to the point of staining the receptacles and walls, pose a safety risk? 

It's just a job renting other peoples property that only licensed  PM's should be doing.Many people that were doing this got burned when people quit renting from them during Covid lock downs.I could go on...