Mind you, if interest rates were ever to return to a normal level in the US or Canada (something like around 6%), the property market would inevitably tank as it did in 2007-8 as the CAP rates are generally currently below that interest rate level.Short-term rentals work great in Mexico because of much lower property prices, operational costs and taxes, potentially higher income and no (danger of) unfavourable short-term regulations.BiggerPockets is awesome but it's mostly US-centric and you cannot copy/paste everything when investing in another country.

Would it be "Dangerous" to even pay out of my pocket on the first year to cover all expenses?

I switched to Allstate a couple years ago and about a year ago asked for a reminder of the dangerous breed list and was informed they got rid of it. 

The answer I got was that there was a report of a dangerous animal in or on the property.

I also understand that a foreclosure process done wrong can cost even more.Does anyone handle their own foreclosures or is it well understand that doing so is a combination of dangerous and foolhardy?

Life is inherently biased and dangerous. 

@Alicia Marks, sorry to hijack the thread a little but there's some potentially dangerous information out here that will confuse some folks. 

Personally as easily as causing a car crash or someone being hurt on your primary property.Rental-wise, you knew about a problem and didn’t fix it, probably enough if you “should have known” about a dangerous situation.

But, it is intimidating and with the wrong person behind the wheel, it could be dangerous.

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.