I'm not saying that you should pursue something as a speculative gamble, but simply evaluate a realistic perspective of where the market is headed.

Probably because I legit LOVE what I do, I really do.Now, a very key point, I'm not a Top-Producer because I specialize in REI and that's extremally unique itself to be one of the legit few, I slay because I have a passion for what I do, I get jacked-up about negotiating DOWN a great buy to make it a ridiculously awesome buy even though it cut's my commissions down, because I'm a sick-twisted addict who can't stop my thrill of the hunt, lol.

There is no promise rates will fall at any time ahead, that's a gamble and the three points then wasted money.

Were I a gambling man, and could find somebody to take me up, I'd bet on another extension.I doubt I could find anybody to bet the other way though, so it's probably just as well I'm not a gambling man.

Don't get me wrong; there are plenty of issues/problems/quirks that old houses have that new houses don't, and an old house can obviously have hidden problems and big repair/maintenance bills too...but, the point is: a brand new house is not a foolproof solution to repairs/maintenance (and in some cases, a brand new house can be a much bigger gamble than an older house).This is a particularly important lesson for inexperienced investors, who tend to be the most prone to "shiny object syndrome" (the tendency to let nice aesthetics distract from real, underlying issues).

I would not gamble on that unless you have done this many times & know the potential risks. 

- Listing price to buy: ~$700k a few months ago- Rent: $3.4k- Master lease up to 2yr- $10k initial nonrefundable deposit towards down payment- 15% of rent will go towards down payment - First month, security deposit, and $10k due = $16.8k In my opinion you are gambling in a market that is trending down.

The start price is just to suck you into bidding with the hopes you'll get into a gambling frenzy.

I have enjoyed the uniqueness of the mixed use property and is a lot of what makes this project thrilling.

Most folks mindlessly buy into the standard mantra of cash flow is king and appreciation is gambling, and in so doing they ignore some very important aspects and get tunnel vision, which not only causes them to miss some profitable opportunities but also ignore some factors that may hurt them long term.