one thing that's very dangerous to do for the buyer is to waive financial/inspection contingency/appraisal ; especially if it's just rental house.

Be careful you aren’t in that dangerous portion of learning where you don’t know what you don’t know. 

Since I didn't, I'd be intermediate, which I'd prefer to label the category as "Knows enough to be dangerous" rather than intermediate. 

Asbestos isn’t that dangerous.

HELOCs are fine for short term financing needs, they cab be dangerous as long term arrangements without the ability to pay them off.No other real issues, just do your Sub-2 and fly with it, make the payments, if the lender calls it due, get your checkbook out. :)

LANDLORD is not liable to TENANT, guest, or occupant for personal injury, damage to or loss of personal property (furniture, jewelry, clothing, etc.) from fire, flood, water leaks, rain, hail, smoke, ice, explosions, interruptions of utilities, criminal conduct including theft, burglary, assault, vandalism or other crimes, acts of God, or other causes unless caused by LANDLORD’s negligence.

The northpart is almost as dangerous as downtown, but the southern end puts you in expensive homes...then suddenly you are almost to Bancroft again where you have...You have the entire campus of the University of Toledo in 43606.

Hi Laura,(This is not Investment Advice--because I do not give investment advice, I am simply answering your question here.)Lets say (just plugging numbers here) for example in Savanna if you own 1 SFH outright and after CAPEX, Repairs, Turns, Insurance, Property Taxes, and etc... you have $500 a month left over as spendable cash--sheltered by depreciation.10 would put $5,000 a month in your purse, which is probably a little more than your take home after the IRS and other deductions bite your paycheck.But you need to also have something to pay your Health Insurance, and depreciation stops after so many years, so you have to figure that in also.You will need to fully understand the expenses side of this business and make an excel financial model (if you want to be precise).Assuming it will take 30 years per property to pay the mortgage off free and clear, and 25% of the price of each in cash to buy and make rent ready each one....that might give you some idea of the time frame.The more money you have to start with the faster it will be.Also, in a situation like this, buying SFH's in the cheapest neighborhoods may result in buying in the most dangerous crime ridden neighborhoods..There are people in here who do just that...but you have to be hard and tough to avoid being taken advantage of...and because workers do not want to go (Fear Going) into these areas the owners typicality self-manage and self repair.Higher priced SFH's will take longer, and duplexes, triplexes and quads (may have) a little lower operating expenses over time--single roof for all, single shell for all, etc...There are other investment types out there, but I think you are asking about Buy and Hold---which is what I described above. 

In my opinion one of the biggest dangers in having members named is the pressure of a being named makes them more likely to settle than if the suit is only against the LLC. 

But why let the danger of prison and fines get in the way of making money?