I'm in the military so I don't really get to choose where I live, so the idea of investing in unfamiliar territory is almost a given in my book, I just want to do it someplace that I can consistently make money in.

This event sets a dangerous precedent.

Sunnyside, Houston, TX is the sixth most dangerous neighborhood in the United States and the most dangerous neighborhood in Texas."

Flipping for the first time alone is dangerous.

Personally I love the power leverage provides, but as with all powerful tools it can be dangerous.  

You might be the exception that occurs every once in awhile but will need to prove it on your first few transactions.Often times new agents look for 300 per trans fee and know enough to just be dangerous.

I focus on neighborhoods on the outskirts of the city that are less dangerous and strive for the 2% rule.Financial Profile:Software engineer day jobNear 800 creditPrimary residence$230k loan, $60k equity$1600 month mortgage$1200 month roommate incomeSingle investment property$950 month rental income$250 month cash flow after mortgage and management fees$30k loan, $60k equity$100k Retirement account$30k personal cashDeal:Investor seller (moving out of area)12 homes fitting my profile in single neighborhood100% occupancy, 75% section 8each rent $1000-$1100 a monthasking $60k each, neighborhood retail is $40k-$70k depending on conditionSeller is introducing me to his portfolio lenderSeller is offering second lean to help qualify the loanConcerns: I will be meeting with the seller and his lender on Monday.

You can have groundless claims of predatory dealing or other claims after the fact, just IMO that once they learn of recent legislation they might go there, the danger is not over at settlement. 

A few months later, it turns out that there were giant dangerous gas deposits below the project and all sorts of other potential problems.

Most people, books, seminars etc. teach about how great Credit is, and I'm more of the cash and carry type myself.I know investors who have a very hard time collecting rent, and now they all want section 8 so they can get paid.This is a dangerous scenerio to myself:An investor buys multiple properities, then takes out the equity, refi's etc. these properties to the top, or darn close to it.Then plans on the tenants to pay for this with their rents, Ok this will work, the only problem is tenants do not pay on time or they stop paying rent and have to be evicted.This is why the investors want section 8, yet I hear sec. 8 is tightening up their funding, or already has.Then there are people that move from one place to another and stiff the landlord then move on, these people know how to use the system to their advantage and moveing around and stiffing landlords has become a way of life.