Taxes are an uncontrollable  expense because based on what county or city is trying to assess and hit property owner with.

I AM NOT questioning the inspector, I am questioning if it is too much of a gamble to not know the conditions of the entire septic system.On to the home inspection, AGAIN keep in mind the house was built in 1800. 

The tenants will wear down all its fancy luxury features, and paying higher than anything around for speculation on appreciation reasons is just gambling.

Miami-based Brightline Trains is gambling $200 million it received in bonds from the Nevada State Board of Finance to help fund its planned 170-mile high-speed rail line between downtown Las Vegas and Victorville, which has a target completion date of 2023.

There is a certain amount of gambling involved here. 

If houses are selling for $100k, have historically appreciated even marginally, and drop to $50k, it doesn't take much genius to gamble that they'll go back to $100k if you're willing to wait it out and can afford to pick them up.

Should I take a gamble? 

Practically, it's a gamble you may want to take in the situation where an eviction may take months in our current COVID-19 environment.

Of course not, that's idiotic, it's literally gambling.

The actuaries know what they're doing and insurance is simply a gamble where the house is going to win all the time.