To answer in very general terms, there are a hundreds of reasons why real estate deals can lose people money, whether it is a first deal or a hundredth deal.

One man's perspective is just that.There are a hundred things that can go wrong for everything that one could do.

I could think of a hundred things that go wrong other than it ends up owning the property.

If you're just removing the damaged drywall and replacing, I'd guess a few hundred.

It's only a few hundredths of a percent of the total, not 1.39%.

Our park has 2000 residences and const going on for another couple hundred.

This is often a symbol and is value listening to with gold hovering around $1400, over a five-hundredth gain in past years.2.

There are also commercial enterprises that will sell you a list: http://njlispendens.com/.When you get (or compile) your list, it helps to have realistic expectations - you aren't the first person to think of this and you'll be the hundredth person to contact most of these distressed homeowners, of which there are fewer and fewer these days...and even less of them with equity.

I'd love to begin attending some of them.As to your rental situation, your worst case scenario is not the worst possible thing that can happen, I can think of a few hundred things that are even worse and you can search BP for other worst case scenarios that have actually happened an even gotten worse in some situations. 

Otherwise you pull wire and I hook stuff up for a few hundred.