You are trying to show a $60k increase in 8 months - show why your purchase was at a discount and where the market is.This is a duplex - so the appraisal will probably be about $600 - worth the gamble. but don't get carried away making improvements that may increase marketability but not value.

Counting on appreciation is akin to gambling . . . use the variables that you have at least some control over to make decisions.

Some might even say gambling.

. :)I'm not opposed to making money, I'm opposed to sucking a buyer in and setting them up to fail, in my mind it is akin to fraudulent dealings.

There is money in that angle but I won't gamble without solid info.Thanks again.

Calculated risks vs wild gambles that nothing will go wrong are two very different things.

As an investor, how many dollars are you willing to gamble?

The IRS decides to audit Ralph, and summon him to the IRS office.The IRS auditor is not surprised when Ralph shows up with his attorney.The auditor says, “Well, sir, you have an extravagant lifestyle and no full-time employment, which you explain by saying that you win money gambling.

One place I lived had a 50% owner occupancy rate, meaning 50% had to to be owner occupied.. so it's kind of a gamble, do other owners live there or not?   

By signing the affidavit you are saying you intend to occupy the property which gives you a better rate but then doing a bait and switch on the lender is fraudulent in their eyes.