You could even sell it later with owner financing or lease option... but if it looks like a gamble (you have no solid numbers and you are just hoping that it'll work out) - don't even touch it with a three foot pole and stay away.What are the "mixed units" ?

Max, I am not from Detroit, so I would have to find a property manager to take care of it.I was just thinking of buying a couple as a gamble more than anything else.

It seems like a huge gamble to 'part it out' unless that's your expertise.

The gamble is up to you, but in reality, you are selling the house without a warranty any way, most likely.If it is a small job, like a deck...I charge for the materials up front, with a rough in draw (about 50% of the balance) and balance sue after final inspection.

If your going to be offering at a discount price, where theres little stock, and you pretty much hold all the cards, then I'd take that gamble.

When you hire someone who is not insured or licensed to do anything you are gambling with your entire future.

This is a REAL business and it takes real capital like most other businesses.I don't mean to sound harsh but it upsets me when people think it's ok to gamble with other peoples home/shelter.

All in all in most anything is a gamble and I guess the best we can do is find the safest bet possible.

Let her slide and you gamble that she'll not cost you more money.

Between the stimulus package ($1.2 billion with interest), TARP ($700 million without interest), auto bailout, and now this “mortgage rescueâ€, I see this as Obama taking a huge gamble.