If you are cautious, responsible and educated, you can minimize your risk, but you can never mitigate it entirely, no matter where you live.

Would want to be cautious and check out the block at all times of day cause there are some less desirable pockets.

I am a rather cautious person and dont make hasty decisions especially on my money.  

Some of the riskiest deals for HMLs are with first time borrowers, so they will be more cautious on your first loan. 

Then you can define your criteria and let the criteria drive your investment decisions in terms of the market, neighborhoods, property type, cash flow or return requirements, etc.Be cautious of some property providers who will try to sell you properties that look great on paper, but are in poor or lower-income neighborhoods where are your tenant issues and turnovers might be greater than better properties in better locations.

I'd be very cautious about the so called guarantees.  

@Luan Truong,Without knowing the full scope of the details, I would be cautious with the deal.  

I would like to acquire a couple more rentals, but must be more cautious and when purchasing.

Be cautious of advertising the use of money that is not allowed to be used in such a way.

Being that this is your first transaction, be very cautious of what people are telling you, and exactly how you project all the numbers working out.2 Do nothing and cover the mortgage.