It seems disingenuous to label on type of investing as speculative and dangerous. 

I think maybe our family has reached the tipping point where it's wortwhile.JThink about something very bad happening at your property (think fatality or permanent disabilities) and then ask yourself what an attorney might sue you for in that type of scenario.  

Unless it’s a multi-unit property you have no duty to perform any type of background check & in almost every state massive increased liability from doing so. 2.

I am thinking about turning my half bath into a full bath.What made you interested in investing in this type of deal?

But I have even seen it for those types of properties as well, which is why I was confused.

There was some type of default issue where the loan has to be brought back in good standing.3. 

Waiting to read the comments from the ostrich-type investors...

From that you either can offset or add to your AGI or capital gains depending on which type of gain it is.

I can wholesale just about any type of property that I get under contract with a couple of phone calls.

This is all assuming some type of rowhome style of construction, which may not apply to you.Beyond that, I have had success with my single family rentals.