You can always file for eviction based on criminal activity or a seriously dangerous situation.

Bidding 1% is a dangerous game unless you are certain the owner will redeem the property, in which case that is done by people who are solely looking to invest just to make a high % return on their money.

Otherwise, you'll be a danger to yourself and everyone around you! 

Never invest in any city on Neighborhood Scouts' list of the 100 most dangerous US cities - https://www.neighborhoodscout....Low operating costs - High operating costs can turn what appears to be a profitable property into a money pit.

You have decent money, and I think that can be dangerous, because it can allow you to be sloppy and avoid fine tuning your abilities.

@Bill: Hi Bill, you say: "a management company is commonly known to operate rental properties" and that "A Holding Company is known to lease, maintain and operate assets "Can you elaborate more on the distinction?

I think there is danger in believing just because someone is a self proclaimed investor friendly tax professional, that they are any more qualified than the next person.

Personally, I think mixing business and family can be very dangerous. 

The ability to communicate promptly, clearly, openly, and consistently with investors places you in a distinct league.When you accomplish this, as an investor, I can assume that you maintain the same level of communication with your property manager and throughout your organization.

It can be very dangerous paying for a listing without knowing what terms you are going to be required to agree to.