If you go visit the condo and it looks dilapidated, dangerous, or otherwise mismanaged, you should probably lower that estimate.

Any criminal activity that threatens the health, safety or right of peaceful enjoyment of the premises by other tenants committed by a tenant or by any member of the tenant’s household or any guest or other person under the tenant’s control or is a danger to the premises and any drug-related criminal activity on or near the premises by the tenant or by any member of the tenant’s household or any guest or other person under the tenant’s control shall be grounds for immediate termination of the lease.First landlord nightmare experience is in the books.

Memphis is one of the top 10 dangerous cities in US. 

In my market they are driving prices dangerously close to bubble-level.

@Micheal Rieves hard to comp properties are dangerous.  

I guess a concern with a 15 year loan that's nearly breaking even is that if property taxes or HOA dues were to increase, I could get dangerously close to losing money each month. 

Hi,What are some of pitfalls or need to know potential dangers of Wholesaling? 

I am armed, but not very dangerous :)

Most mortgages now have a "due on sale" clause that is rarely enforced as long as all payments are received on time by whoever collects the mortgage payments for the mortgage servicing company but there is a danger there. 

Understanding Charlotte to be one of  the fastest emerging markets and seeing the explosion in growth on the west end of the lake, I am 100% confident in my dedication and competencies to start legit flipping.