You'll be dangerous in a week. :-)

I'm in danger of straying from the original topic of this thread but does anyone have any recommendations on how to locate real estate syndicates?

Even further, the most dangerous time in an investor's career is when they own about 5 properties.Obviously the exact numbers can be argued, but I agree with the logic.

I mean, I guess it depends on the strategy, but pools are generally a liability for most people (especially landlords) so paying over-the-norm for something like that seems dangerous.  

Sounds like a dangerous precedent to set if they can pay you whenever they feel like and you have 18 more to go. . .

Could even be for removal of something in the interior, like gutting related to hazard. substances used on the property (meth cooking, etc.).  

I just bought a new property and, in talking to my landlord friends, have found that most of them don't provide any of these.Installing a dishwasher in my new property would mean:1) cutting out some of the cabinets (it's a 1951 house, so the kitchen is already small, with limited cabinet space) or2) get a portable one that the tenant could connect to the sink when neededThe washer and dryer would be easy to put in, but the hookups are also positioned where it would be easy for a tenant to get them themselves (directly by outside door) without danger of tearing up the floors.I want to be able to charge fairly high rents for the property, and preferably rent to a family (it's in a hot neighborhood and has an absolutely gorgeous and huge backyard, which is rare).

While I agree that fear and hesitation can be helpful in getting us to be more meticulous in our approach I think that humans can also end up falling into the trap of some other dangerous traits which do cause us to be our worst enemy. 

The DANGER zone is 30 to 50k rental that rents for 700 HUD... that is the danger zone.Or the 70 to 90k TK that rents for 800  same deal...

The first time you step into some unknown substance you'll be grateful for the extra protection.