Banking on appreciation is always a gamble, but it could potentially pay off in the long run.You might consider putting in a lower offer.

They do it illegally... it's a gamble, especially because the heights has some very nosy neighbors and the city has apps that make it exceptionally easy to report these things with a few clicks.

The inspectors said they don't know, so its a gamble.

Taxes are going up, vote for gambling and maybe we can all get relief. 

Renovate your current kitchen, take the family to disneyland, gamble it away in vegas, or buy another investment property. 

Anyone have experience with setting up an offshore trust, and want to give me some pros and cons when doing that with real estate.

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" ?

I have an email to my accountant so I will see what he suggests.I think personally keeping the home and just purchasing the appropriate liability insurance would be the better option since this would be our first property and we are residents of Bermuda, an offshore jurisdiction.Peter

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.