Seems like the same loud voices boom at each meeting with tons of pontification, opinions and politics, but little substance.   

Fall in Love with House = Red Flags/Danger price-wise

I did learn "some" things to be dangerous.

I know the best thing that ever happened to me was 13 months unemployed and than getting my dream job that has made me reevaluate what's important to me.I know for me these kick in the butt have been what I have needed to get me off crusie control and I to the dangerous fast lane!

Possession prior to closing can be dangerous, really depends on who that buyer is, skin in the game, their ability to close, their motivation as well.

Taking down the siding is dangerous for the workers and the community around the property because of the potential for breakage and the release of the fibers into the air.Sounds like a great deal, BTW.

That's a win-win.The only reason to consider that dangerous is if the OP lacks the education it takes to properly analyze the deal to assure a profit before going in and/or doesn't have effective escape clauses in their purchase contract.

There is a potential danger.   

That area was my sales territory when I worked for MillerCoors brewing, and let me tell you that it is one of the most dangerous places to be in Chicago.  

If he was including the new HVAC and water heaters under his scope then I agree the electrical might should have been pointed out, however if the owner contracted for these items with someone else I am not sure that the contractor is responsible for electrical deficiencies that arose later.I think this is the danger in having a time and materials contract and sometimes it works sometimes its does not.