I want to know if it's dangerous to acquire the houses sub-to when the lien on the property has an adjustable rate?

There are so many things you don't know you don't know when you're getting started, and that much money can be dangerous if you get into a position you could have avoided.Great question and keep up the good work!

While this thread may be negative (for good reason) at least we hear something positive from an investor rather than the standard substance-lacking ra-ra we get from our friend from TX.Also hope what William said was true that they are listening. 

Unfortunately the cliché “Win,Win” has becomean empty shell of form without substance.

Pay Option ARM's can be very dangerous, and in my opinion should only be done by experienced investors with plenty of liquidity.

You could also just have a title agent run a title search for you.Ben, unfortunately if you did buy the condo at foreclosure and didn't research the title before you bought it, then you have put yourself in a VERY dangerous position.

Likely you will need to list all deals even if you have an agreed sale already lined up (immediate sales pending status).A license means you are armed and dangerous so the courts hold you to a higher standard than an investor.

I'm not dangerous with a hammer, saw, or drill.

By shedding some light on this situation I feel we can add a bunch of good substance to this thread.I have been looking for a way to get my feet wet in REI.

Under-calculating your expenses is as dangerous as purchasing on the basis of speculative on price appreciation.