IMO, it may also give a tenant the impression that there is some substance related to the lease and car insurance or any other unrelated issue and where the tenant questions my lease as eliminating things I should be responsible for.

However, there is a dangerous assumption that property prices will come up.

[As a rule of thumb, investment properties are in danger of negative cash flow if rents gross below 1%/m!]

Bidding on properties you've never seen in a place you do not live is dangerous unless you have a great feel for the area, have invested here already, or have lived here recently.

The dangerous double whammy.   

However, as we got into the rehab we found some atrocious--even dangerous--framing.

Excessive upfront fees are dangerous for the borrower.

So, the notion that the "average fair market rent... rose at a steady clip" in 2008 is a dangerously misleading factoid.

It is having more money than knowledge or control that is your real danger and where your proposed business model runs short IMO.

The garage was not inspected and in fact we obtained fines from Indianapolis because it was in dangerous condition.