. - no doubt, plenty of people use leverage in stocks, and there are real estate investors who own their properties free and clear.They typical is: unleveraged stock/mutual fund investors comparing returns vs. leveraged real estate investors.Also, leverage in stocks is more expensive, at least more than personal residence loans, not more expensive than hard money or other lending options.Options are fun and dangerous - I've lost a few bucks in the past few years buying LEAP's(very long term options - like 2 years) on BP, I can't believe how long that turnaround is taking!  

Demo, especially of old houses, can involve some dangerous materials - asbestos, for example.

Mark,In danger of sounding like a wise guy, what do you mean by "doing pre foreclosures" and "doing short sales"?

It is meant to point out danger zones where seeking true legal advice might help you.To sum up what has gone before:John mentioned that in a certain state: "Both lawyers were unaware of a state law concerning what is regulated by the state."

And if so, is it potentially dangerous to her license or liable to any fees?

But realize that this is a really tough business.9) If you find a condo community you really like, get on the board of the HOA to learn more about how such communities are managed.Alot of posters on this board will ask you to take dangerous leaps whereas I am older and think you should just take conservative steps that are safer.Good Luck

I have found a property I believe will cash flow but its in a dangerous neighborhood.

Hard to comp properties are dangerous to your bottom line.

With a breaker that keeps tripping there is potential for dangerous situations.

I too highly doubt you would fall into the "mature" label.Thank you for your response and the valuable point of view.I am just sitting with a dangerous amount of money to put somewhere, i.e. a deposit on a second property, but my monthly income is not enough to cover two bonds plus expenses.Appreciate your advice Roy, thanks.