That's what most of them say.....Fun fact about myself:I am 1 inch shorter than when my youngest daughter was conceived and then born....motorcycles are FUN and apparently dangerous, but I can't wait until I can send my two girls off to college and buy another bigger one....2 wheels are life!

Tires are considered a hazardous substance by the state of Maryland and cannot be put in a dumpster.

Are there any other dangerous turn-outs to be aware of and how to protect against?

Substance generally rules over form in legal matters so be sure you know what liability you're assuming by playing this role and what you should justly receive in trade for the liability.   

Anyways, I have been looking in Northeast Indiana, towards Gary but that market is kind of dangerous, but I’d like to go to the expensive side of Indiana to build equity and gain appreciation as well.

Do not invest in any location where the population is stagnant or declining.Crime - People and companies will not move to locations perceived as dangerous.

Same goes for HELOC loans, secured credit lines, etc.It is very dangerous to be overleveraged so keep that in mind but I also know it is incredibly difficult to start out with no money so you have to either make that down payment (second job, lower expenses, etc.) or over leverage.

I’m gonna pull out some Kenny Loggins here and badly sing “Highway to the DANGER ZONE”.

I agree with Chris Seveney that seller financed notes will be a dangerous note to own because they are overpriced.Government policy is quickly showing that it wants to eliminate small real estate investing, e.g. the law in Illinois that requires a realtor to be part of ANY transaction, thus curtailing creativity and raising costs.

Giving up control so that you can claim more doors is a really dangerous move for many investors.