I cant believe they would allow that, still sounds dangerous!

I'm in a situation where it's not in danger of collapse, is dry and hasn't moved since I put in the beams 3 years ago.  

It is not a quality asset if it doesn't have more substance to the file.

And in other states like Oregon if you do any work to the home you need a developers license.. ( of which I am one LOL).. so blanket statement its legal every where without some qualifiers is a dangerous statement.

This goes away pretty quickly though once you pay off the card.Again, I used it too because it makes financial sense, but beware of the tricks & dangers.

I feel like MOST flips are getting incredibly dangerous, even for the experienced investors.

The other side is a less than desirable neighborhood, but not a dangerous one.

It can definitely be dangerous, but it's an extremely enjoyable and rewarding job.My Real Estate BackgroundUnfortunately, my real estate background is nonexistent.

This can be more dangerous for you if you do not have any experience investing in commercial.  

You don't; need a whole book really- all you need is:1) Figure out your income tax bracket 2) What Jurisdiction offer the right Tax Incentives that will drop your tax rate3) How to set up the right entity in that jurisdiction4) How to legally route the money through that entity through "form and substance" as approved by the IRS5) Get the right attorneys to set you up 6) Get the right Tax Advisors to file your taxes and voila you can go like me from over 40% in Tax per year (because I make a substantial income from rental and flipping) to 15% flat due to some tax incentives being offered by Congress through the US territory of Puerto Rico.