A gambler at heart I'd say.You don't need to be really smart to get rich in RE; but it seems like the smarter you are in the market the more you can lose.

"Only difference between a winner and a loser is a winner plays until he wins" - Justin Scott Sounds like the impetus for Gamblers Anonymous. 

We are not gamblers but steady buy and hold investors with a goal of using the cash flow for our retirement and hopefully leave some assets for the next gen.

So to all you successful gamblers out there - anybody who has a success story - please share it here.

So, that gives me a way to calculate the cost associated with a turnover.And, anyone who says "I'm not a gambler" and buys rental properties is kidding themselves.

Spenders are just like drunks and gamblers.

Maybe, just maybe it is possible ... nah, never mind, we're all just a bunch of degenerate gamblers that just got really, really lucky.

If I was a gambler, provided you have everything documented, etc I would wager a finding of brokering without a license.

I myself do not consider to be an investor, rather than something else (gambler maybe?).

Only sell if (1) premise for acquisition changes, or (2) you must to acquire a bigger more attractive deal.Generate long-term wealth by investing IN real estate, not through transactions (casino vs gambler).