Essentially you’re taking a gamble new tenants can and will pay beyond move in cost.

Yes, I am kidding.I might have my stories mixed up but I heard the CEO of AirBNB or some new company saved his tanking business by gambling their last couple thousand and winning big.

I would be thrilled to find a good house hack as well where I live in the Twin Cities, but I just happened to find a great investment in a different market (Rochester, MN) first, and the cashflow I get from that once I am done renovating the second unit should be able to cover my rent where I live, and then some.  

I just waited over 2 weeks to hear back on a LOI (and wasn't thrilled with the response, BTW). 

The issue goes both ways and it truly is a gamble--parties post foreclosure generally don't have good credit to redeem--BUT the former fee title owner with only redemption rights sells their redemption rights to a purchaser/third party which redeems and becomes the fee title owner. 

Don’t gamble on the neighborhood5. 

I also enjoyed the thrill and mantle of being an owner.

Thrilled to finally have taken the jump to be apart of the BiggerPockets Forums!

Don’t get me wrong, a lot of people win and do well playing the appreciation game but it is my opinion that we are at or near the top of the market so I personally wouldn’t gamble on continued appreciation for the win.

In today market going for the KILLER DEAL is a gamble.