I haven't seen anyone explain why this is wrong yet, even though everyone seems to agree that the limit is 2.
What you're doing is factoring out an x from the square root, so you get this:
[math] \lim_{x\to -\infty} [x + |x| \sqrt{1+\frac{4}{x}+\frac{1}{x^2}}] [/math]
So far so good. But then you're saying that what's left under the square root sign is going towards one as x goes to negative infinity, so that the limit above should go towards [math] \lim_{x\to -\infty} [x - x] = 0 [/math]. This would be true if x were finite -- but since x in this case is approaching infinity, multiplying it with something that's just approaching one doesn't necessarily leave it unchanged. It could converge to anything, or diverge, for all we know.