The gamble here is do you have the funds available to self insure that portion of your loss and what are you really saving by taking the higher deductable?

Good thing Mack's gamble on 4th down worked!

That's simply called speculation (also known as gambling)!

And you are willing to gamble that you are going to win? 

I agree to start smaller, but this is a good deal for this area but its a gamble and i don't have the experience like you mention, Trying to think of other things to do with property (rent or airbnb) Anthony - i have been thinking about a cheap renovation of changing the windows out, adding the third bedroom, changing cabinet doors and painting cabinets, remodel of the existing baths.

It is always a gamble when spending money.but like the movie Field of Dreams said over and overIf you build it they will come.I believe that there are people who although don't make muchand cannot afford the extras would love to have the extras and take care of the privilege.What I have found is that if you price too low you get people who are too slick for their own good.It is my model to offer the upgrades for the same price as my competition.not lower but the same.So the value is built in upon lease signing.

So, we took a gamble and sold our home we forced sweat equity into and took our equity and ran west to start over again.

@David Gamble - If you are wholesaling this deal you with the numbers you provided you are leaving zero equity to the end buyer.

But then again , I still like to gamble in little ways ,like grab a rattlesnake by the tail. ;).

Sure, the markets will fall, but companies like Proctor and Gamble aren't going anywhere because people will always need their products The same goes for real estate.