Here is my list of the most dangerous real estate related investments for the “non professional” investor lacking direct knowledge  and experience in these investments 1.

There isn't a lot of things you can do to mitigate the risk.

However, a lot of concerns can be mitigated with looking at their past rental behavior in a lot of different settings.

Just saw the news , over 1000 structures destroyed and possibly 28,000 in danger . 

I am here to create a business strategy that protects personal and business investments and mitigates risk,  procure a coach or mentor, and set up tax strategies to create long-term wealth for myself and my family. 

Any advice on how to mitigate these risks would be greatly appreciated. 

Gas or electric would be a much better option, safety wise, from a house fire standpoint, CO danger, or danger to children or pets from the open flames. 

A duplex could be a great compromise that lets you start small, build equity, and learn the ropes while mitigating some of the financial risks.

This is a story from my past that provides a perfect example as to why investing in tax liens at auction is so dangerous for any but the most experienced and knowledgable investors20 years ago I purchased a SFR as a long term rental investment that sat on a double lot.  

You might want to partner up with a friend or family member to mitigate the costs.