I used this to flip my own house and over the years I have worked to refine its implementation at BlackJack Real Estate.

I thought of the first deal like going to the casino and bypassing the $5 blackjack table and taking a seat the $200,000 blackjack table. 

No one knows for sure what will happen, but you have to make calls based on probabilities like in Blackjack.

You can literally put it down on a blackjack table or take a cruiseOnce the tenant moves out of the property, a landlord must return/account for the deposit within 30 days of the tenant surrendering the property AND providing a forwarding address. 

I dealt Poker, Blackjack, Craps and Baccarat.

At a blackjack table, the house generally has a couple percent advantage over the player who is using a reasonable fixed strategy. 

Stick to Black Jack. 

@Himanshu DasAre you sure you want to actively buy properties long-distance, rather than investing passively?

I usually stick to blackjack, roulette and slots.

Compare the difference between getting a 300-unit apartment building for 80-100 million dollars in Detroit vs Florida (or any other state.) and getting negative cashflow.There's this concept called "EV" in blackjack card counting.