Very useful if you have a forest to cut down, but can be dangerous to those who don't know what they are doing.

I’m basing that more on things like W2’s being issued by a business versus what was reported by the person who received it - but I imagine it extends to all types of transactions.you are flirting with danger though.  

As previously mentioned, it will vary for each town, city, county and/or state but as a general rule, the more "dangerous" the installation might be, the more a permit is likely to be required.For example, the issue with a gas stove (or gas hot water heater) installation makes sense. 

If you accept this tenant and this dog, you will be creating a situation where every "dangerous breed" dog should then legally be acceptable in your building. 

Dangerous time if you are financing at a high rate and buying at peak of market (my opinion)

The reason the Icon is adding so many beds, is because most people will pay more to have their college kids in a safe cozy building attached to the campus, with lots of cops around, because 3rd Ward is the 15th most dangerous neighborhood in the US, according to the FBI. 

.-- In terms of monetary policy, it's far more dangerous to be playing around near zero interest rates - liquidity traps are real and no one has figured out how to escape them.  

You could hire a plumber or electrician who turns out to be serial killer or rapist, it doesn't mean you are liable unless you knew and ignored the danger. 

In reality maximum leverage on all units is dangerous unless you're loaded with liquidity elsewhere, so the LLs I know keep a mix of leverage & cash units. 

I think you will find a lot of court cases that will clarify the danger of buying a foreclosure and then letting the seller stay in the property and selling it back to him.Can an Investor Buy Your Home if You're in Foreclosure and Sell It Back to You?