Without this large influx of cash it'd take you 10+ years saving 10% of your annual income to get to that amount and you're willing to gamble on a go big or go home mentality?

Originally posted by @Wayne Brooks:You run afoul of FL icensing laws when you are marketing a property you don't own.A double close doesn't help since you obviously have to market the property before the day of the double closing.Having "equitable interest" is a guru phrase which does not apply to FL law and nothing the owner signs can waive the statutes.my state regulator mentioned something about fraudulent loan  on the double close.. was not sure where she was going with it.. but regulator and fraud in the same sentence and I will never do another one of these same day deals for anyone.. :) 

Take a gamble on birdtown for cheaper property? 

I think @Jay Hinrichs touches on the important point... if you can reasonably expect appreciation, then it might be a good bet/gamble. 

Never used a fraudulent proof of fund's letter it could come back to bite you.Joe Gore

fraudulent conduct ;-)

Its a gamble sure but the historic return on the stock market is 8% a year. 

As far as gambling goes, I'd like to put myself in position to benefit from continually increasing rents, and not put myself on the other side of the table.

Even if you could, it's a big gamble.

I agree, if anybody speculate in stocks long term thats gambling, Eliminating both fundamental and technical analysis and create cover calls generate cash flow.