It's a big of a gamble but if I can get an appropriate discount then I have no problem.

Seller signed the paperwork and I got the money I lent him on last Friday.All in all I gambled by lending the seller money but the deal needed to get closed, and as I said I knew the seller.So now I'm working on deal #3.

You need to ask yourself why would the bank take a gamble on you if you are not willing to gamble on yourself.

Married , gambling, lost job, started passing bad checks.

Unless you have a true deadbeat this will work.In most cases it's a matter of having the tenant realize that rent is a priority - before car payments, alcohol, cigarettes, recreational drugs, child support, vacations, gambling, haircuts, and dining out.

But at the same time, I'm in a military town and I think I should capitalize on that but that would mean I have to focus on single family homes and I understand sfh's could be a gamble compared to multi-families.

Tom Corley, on his website RichHabitsInstitute.com, outlines a few of the differences between the habits of the rich and the poor.1. 70% of wealthy eat less than 300 junk food calories per day. 97% of poor people eat more than 300 junk food calories per day. 23% of wealthy gamble. 52% of poor people gamble. 2. 80% of wealthy are focused on accomplishing some single goal.

However, that is more of "gambling" than "investing" IMO.

Interesting you bring up Edward Thorpe, now you are talking about a whole different career ... gambling:)

Im offshore working so I cannot go check it out to the extent that I want to yet.