Both my wife and I are sport coaches.  

-Redecorating your home is basically a competitive sport in Palm Springs: There is a lot of affordable, stylish stuff to be found at the thrift and resale stores.

If the rents are not covering the costs, then you are gambling on appreciation. 

Which is weird considering he was not really halfway done.Anyways good timesThey are Characters...it’s a gamble ...their pride of ownership....Have fun!!!!

I don't know if Venmo would get involved, but technically if a tenant were to go to them and say "the landlord told me to pay this way", Venmo would technically be allowed to reverse the payments since it is not to be used for goods and services (unless you are set up with hem as a business and have the payment button option).Credit cards are also a big gamble. 

@Bruce Harding Say what you want about our sports teams, but our RE market for investors is phenomenal.

Does anyone gamble with flooded homes.

Their algorithm will look at a homes in your area, but it's a broad area and not easily comparable.As far as rural areas, if there is any type sports tourism (software tournaments, soccer, etc.) you might be able to play that up. 

I like that little sport amphib that just came out.. same one Roy Halliday messed up in.. they are built in Davis CA.. and they do their test flying over at Lake Berryessa.. have to wait till they hit the used market and their first round of depreciation.. new I think they are 250k and that's a tad rich for a toy.

I understand that it is a gamble and that if I use all  the right tools and do my homework, I will minimize my risk and will be successful.