It's a gamble because you'll get a bunch of crappy leads but sometimes you'll run into a good one that will make it worthwhile. 

If you are a cash heavy investor, then it might be alright, but you are gambling on appreciation and that is something that you can not know for sure. 

@David New it needs to cash flow or youre gambling on apprectiation.

Anything less in this market I feel is a gamble.

Which brings us to coin a second phrase:BiggerPocketsholicExcessively and uncontrollably reading or posting on BiggerPockets.

So far in my Bigger Pockets research, it seems that investing in condos is typically frowned upon due to the uncontrollable HOA fees.

Most people have not experienced this when taking the gamble, but it's still just that... a gamble.3. 5 or more units is considered to be commercial and fannie and freddie normally are out the door UNLESS you are looking into their small balance loan.

With covid I'm worried the area and price range might be a gamble.

Primarily, when will this end, and when will things start back up again.Which seems to call for decision-making in the face uncertainty (because there seems to be a gamble element to it), like happens in war on the battlefield sometimes.Except your not really at war with the tenant.

The tenant has a scratch-off lottery ticket gambling problem and often comes home with "many"  tickets in his pockets.