Once you know enough to be dangerous get out there and buy something!  

I am wondering what are dangers?

They would want to deed the house over to you and keep the mortgage in their name for two reasons: 1) they can't make payments anymore (they are defaulted, going into foreclosure, or some type of financial hardship) and are in danger of losing their home, and you would be offering to take over payments right away, so they NEED the relief/help that you are offering; 2) you will be saving their credit. 

This is very dangerous ground.

For a first-timer with a big checkbook and no experience this is fraught with danger since that wad of cash means you can bail yourself out of most mistakes but when the cash is gone its gone.

Does the yard have deep ruts, full of rocks maybe barried cables to trip over, if the lot is clear and you have not posed any danger to an ordinary capable person performing the job, I'd bet you would not be found to be negligent.

In Ohio, you can only use a handgun if you reasonably feel that you are in danger of serious bodily harm or death.

Brooklyn in Crown Heights, Brownsville, ENY Brownsville and ENY are super dangerous still... wouldn't risk it...

Now she has texted me that the fire department has deemed the stove in her apartment as a danger and cannot be used until replaced or repaired.

I may be completely wrong with my theory, but at least I will know that I did my homework.You have certainly done your homework, but one of the most dangerous things in investing, or anything else, is measuring the WRONG variable correctly and then basing your investing decisions off of them.