With bad credit and no cash owning a property is dangerous.

Dangers to watch for?

, and quit school(advanced degrees are for losers).I'm not afraid the experienced people here will fall for his nonsense, but they recommend it as a 'starting book' and its dangerous for the uneducated.

If you can't pull your own permit, there is usually a good reason (read "some danger").This is your investment, and other peoples safety.

Putting yourself in a position where you are living paycheck to paycheck is a very dangerous angle.

Just my two cents since I know nothing about Nevada real estate and brokerage law, but it sounds like your plan involves coming dangerously close to acting as an unlicensed broker.

Let me try to assist by asking a few questions....a) Are you in danger of going into foreclosure?

I would not take an adjustable rate mortgage, I believe that would be VERY dangerous right now.My problem is the way this is being portrayed by the media.

You aren't buying rental property.You are buying speculation property.Anytime the cost exceeds the rents coming in,you are gambling on gains on property for profit(which i think is insane)Speculation is dangerous

Disability is the biggest danger.