Leverage is a wonderful but dangerous tool. 

Obviously, applying the same 1% cutoff  to a property in a C- neighborhood is dangerous.

Borrowing capital from a credit card is dangerous unless it is a short-term plan.

I wonder how many landlords/pms do a video walk through of their properties on a bi-annual basis to document that no potentially dangerous conditions exist.

The con would be hail damage to roofs, high property taxes, and foundation issues (the cost of repair is much lower than CA). yup I got a first hand look at those danger points in Texas had to replace roofs had to jack up houses and fell out of my chair when we got the tax bill.

The dangers were really overblown in the 80’s and there was a lot of pushback. 

To get technical, you will be going up against the Economic Substance Doctrine which states that a transaction has economic substance if: (1) the transaction changes in a meaningful way (apart from Federal income tax effects) the taxpayer’s economic position; and (2) the taxpayer has a substantial purpose (apart from Federal income tax effects) for entering into such transaction.By transferring your primary residence into a LLC, you would not be changing your economic position.

I work in a sometimes dangerous service job and I do my best to be careful and stay safe, however I would never sign away my workers comp and disability rights just in case something ever did happen, I guess I look at this the same way

I hate to force them out, but don't want anyone's lives to be in danger. 

But my question is, is it possible to get a list from the electric company or elsewhere that lists the people who are past due on their electric bills and in danger of getting their electric shut off?