And the reality is that there's enough blame to go around.While Millennials have had an impressive explosion in their share of wealth over the last couple of years, it's still worth noting that it's a relatively meager amount of wealth, ringing in *still* in the single digits percentages. 

However, beware of breeds on the insurance companies "dangerous dog list" as they will not be covered for liability.

@Shyam KumarI’m in the Dallas/ Ft worth area and I would invest out here due to the population explosion.

I agree with @Cassi Justiz that I think it can be more dangerous in the HCOL areas.

Perhaps the most dangerous for investors that are not aware is if the City requires Prevailing Wage which can instantly increase your construction costs 30-40%.

It's at that point that things become dangerous - for you. 

When there are significantly more buyers than sellers, rents and prices tend to rise, enabling them to outpace inflation.Low crime rate - Never invest in any city on Neighborhood Scout’s 100 most dangerous cities list.Low risk of a natural disaster - Disasters like tornadoes can completely decimate communities.

This is very dangerous especially when teaching new people that don't know anything of this.

Prior to that, I was just reinvesting everything and using my 401k as a reserve fund (somewhat dangerous but no risk no reward right?)

It sets a bad precedent.Also if you do not want to manager your unit (not enforcing the lease qualifies as not managing the unit), consider paying a professional to manage your unit.Good luckTotally agree with you in terms of putting the foot down and setting boundaries but I still think it is dangerous times to be a landlord in California even with restrictions lifting.