See how many similar places are up for rent which is your competition and the current rents.2) Get the inspection report and do an oil tank sweep and get (3) General Contractors to give you written bids once you write your own clear scope of work for them.3) Then crunch your numbers and your conservative timeline to complete to see if the deal will work based on the Bigger Pocket rulesAnything less; you are gambling and hoping and praying this deal may work and since this Iis your first deal it doesn't usually turn out good.

@Bryan Gamble I am working on my own website now.  

I always preferred the gambling that came with free soft drinks, scantiliy clad women and all the bells and whistles.

This costs thousands of dollars and lenders have no interest in gambling that a judge will rule in favor of a big bank over a a family of four who lost their home and probably nest egg.

But it nevertheless discusses some very important statistical things that are important to know if you wish to trade options (if you wish to make money in the long run).And Tom, your advice about buying puts and calls being too much of a gamble is not correct.

I did some research for a client of mine regarding a raffle of cosmetic surgery and raffles appear to be gambling (at least in the state he wanted to do it).It may be different if you were doing it for charity -- as in, all proceeds go to the charity and no one profits from it.

thanks.I thought buying at tax sale was kind of a gamble / football game.

They told me because the laws are that once I'm married the other person is entitled to what I have and that if my spouse for example had a gambling problem I'm responsible for that debt too unless I had in place in South Africa what is equal to a prenup over there. 

If they can get a much higher return then the 9% and the investment is smaller then they might take a gamble with the money but it doesn't affect their overall liquidity as a small percentage of their worth.If you want premium lending rates you might have to approach friends and family.How much money are you trying to get per investor??

I'm interested in investing, not gambling, so I'll stick to reading until I'm ready.