By using the data of what are the top staging and fixtures as reviewed by short term rental guests, we didn’t gamble, we chose the top rated mattresses (zinus, $399 a king), the top rated platform beds (Wayfair, $299 a king), the top LED daylight bulbs, TV, internet speed, everything.

@David Gamble There are lots of reasons owners are not paying the mortgage, some have equity so a wholesale, cash ‘as is’ offer would be standard.

I basically just took the gamble that it would appraise for the purchase price or higher and trusted my read of the wholesaler that they were being honest about it being cosmetic fixes.

https://www.foxnews.com/tech/tech-ipo-boom-will-ev...Well  gambling  speculation or great bet and be a fool not to invest there ??? 

I wouldn't gamble too much on appreciation here though because it's historically so low and it's speculative of course.

It seems like it is a gamble on what rates will do in the future and if you will be able to qualify for a loan when it comes time to refinance.

There are ways around it though; if you live in a house you buy for at least 2 years, (and this can be a multiplex, so you could rent out the other apartments) then any profit made from selling the house is not subject to capital gains tax.The hardest part to this particular process, and honestly the boat I'm in at the moment, is getting started due to lack of overhead cash.There are also the risks of the house going unsold or unrented, but that's why you don't gamble with all the money you have in the bank.

@Ashraf Martin it's a gamble on whether it's worth it or not.

In my area buying at auction is somewhat a gamble.

If they refuse, you will sue for everything owed and send them to collections so it sits on their record.It's a gamble but it works most of the time.