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

If you are trying to flip properties or deal with severely distressed properties, or distressed properties at all, it could be fairly dangerous for a new investor.

Unfortunately, here in Atlanta I am having difficulty finding some in my price range that are in ridiculously dangerous neighborhood.

The property was in the New York area, the investor was all but bankrupt at the time to boot so he couldn't really buy it anyway, but still he obsessed and everyone bet against him after finally giving up on trying to stop him.That investor was Donald Trump, and that deal, the impossible sure looser deal, is what brought him from the ashes, wrote books, made him famous, and launched the multi billion brand Trump.I would say the most dangerous thing in this world is a psychic pessimist; once computers in the home was impossible and now we carry them in our pockets, history is made by those who do the impossible, even in real estate. 

The areas we have been referring to would, by most, be considered not so great or just flat out dangerous.

Attitudes cause people to be a danger to the public and themselves!

Kids with a little knowledge are dangerous and kids come in at all ages.There are many aspects of DF that are missed by those attempting to decipher the law and hang everything on RE.

In more robust markets, leveraging is far more dangerous since a long-term vacancy or some kind of casualty loss could really sink you.

Selling the home to someone on terms puts you in danger of Dodd Frank and Safe Act stuff.  

What makes investing from a far so dangerous is that you are 100% reliant on others for the success of your investment.