I totally agree with you on the danger of debt.

I hear about quick claiming the mortgage to the LLC but that can be dangerous in that it may be called to be due in full.

Perhaps substance use is involved?

I would not be hiring kids from the local high school as demo can be dangerous, especially for those who lack the know how and experience.

The Area: The town is Palestine Texas pop. 25,000ish the house is located in an older part of town but not in any danger zone.

A first-time DUI does not present much danger to me, my property, or my other tenants whereas a drug dealer can be a danger to all three.

You have to put a roof on it if it is in danger of leaking. 

If it's the one on Diamond Drive in Riverview, this is not a desirable area and can be quite dangerous.

So, figure out ahead of time how they can pay their rent, as you don't want them to give you a lot of cash, as that could be dangerous to you, if some bad people detect a pattern of you carrying a lot of cash. 

This I refer to as a "cash like substance".