Betting on an increasing market to make it work is just gambling.

If the later, seems like it makes notes much more of a gamble, since you don't really know what exit options are on or off the table.

@Gary DezoysaLook at it another way - how many spam phone calls do you answer?

@Tyler D.I've never seen a more sure-fire way to get spammed by a lot of real estate agents.

I agree with the no to the boat and while I am usually fine with tenants finding significant others and moving them in (as long as the occupancy numbers are safe), this one sounds like a gambling debt coming in hot after a night in Vegas.

Property seizure is a good way to gamble with loosing your rental to pay a judgment.Failure to comply with the eviction statutes will, at some point, cost you big time. 

See the evidence and research.People pick up phone calls more than opening spam mail send to their inbox.

I see these deals come across from time to time, they get snatched up by a cash buyer who likes to gamble.

A gamble, given it was a guess the house would appraise for what we expected.When we originally discussed this with our agent and mentor, these are the numbers we presented.

(Kind of a gamble in case it took months)