Should I be Scared?

[Jamal Atwell]

From what I've learned Short sales, REO properties, and Foreclosures can be a potential gold mine when it comes to flipping homes, but is there anything to be scared of?

I'm looking to find my first home to flip and through research of heard of the possible scenarios where that could turn out bad. Is it true that you could potentially assume the responsibility of someones loan or some other disaster scenarios?