Most of the other applicants fell into the "may or may not pay rent on time" category but were good people.The two year lease is a bit of a gamble, if the tenants are bad.

You cannot catch everything and there are certainly uncontrollable events that happen, but being able to have this confidence will go a long way in your peace of mind as well as your operational success.Provide excellent tenant service that is fair and friendly.

There may a real estate boom but it’s not everywhere, select neighborhoods you have to buy well in advance before it gentrifies to make your money and that is still a gamble.

So if someone tries to rent from me and has an eviction I am gambling on 2-3 months rent plus 2,000 dollars in attorney fees that they will always pay on time. 

Areas like Vegas (gambling), Florida (tourism), and Detroit (manufacturing) fared the worst in the last recession, and I predict will do the same in the next one.

Too often I read posts where it explicitly states that Appreciation is a gamble.

not being in my main USA market, I still will only invest there with extra, non core money.3- Indiana Jones type adventurers/thrill seekers- like my friend who brought in Baja, they let the mystique and romance of the land take precedence in what amounts to a pure gamble.

Likely your going to have to bail or gamble and complete the closing.

When AC first got gambling the only other legal gambling was in Nevada. 

Unless there is some kind of approval from the PA Department of Revenue on the exact language/method you rely on, parties at the closing are taking a gamble.