A lot of drug activity, gangs, prostitutes, drive by shootings,murders, daily gunfire, etc. etc.Another forum member had a 50% rule that applied to war zones.Enter at your own risk, you have a 50% chance to come out alive.

With this house i dont think it would make much sense to fix it sense the profit of margin is very small. however it would be a good learning experience , yet a risk.

Maybe once I have enough to money to risk with that.

Buy a lot of little rental properties that throw off a couple hundred in cash-flow every month to spread my risk out, and then use the income off of those properties to leverage into more/larger properties.

That won't require any cash on your part, and is a great, risk-free way to learn the ropes.Steph

I need to make sure I have sole ownership since all $$ risk is mine.

How would this play out and how can i minimize risk to myself and the seller?

Question to Douglas: Isn't it a risk having your tenants knowing your account number?

It was a huge attempt to shift risk, in the form of ARMs and especially pay option ARMs from the lenders to the borrowers.

I always recommend to people just starting out to go out and find deals for other investors - it allows you to get the experience and learn hands on without taking all the risk.