(FYI Trump U has been in a class action litigation about their fraudulent classes for 5 years.

s, it's a fairly upscale house and yes, in this national market, that is a considerable degree of "speculation" (read: gambling).Unless you know it's a hot up-scale area, I'd opt for something more mainstream which caters to a much larger potential market.

As well as if you buy anything via an FHA loan you need to live there for a year.So nothing all that special there with a HUD house.Generally though with the idea of buying a place, living in it while fixing it and then selling it for a profit you should keep a few things in mind.1) A year, or more, is a long time and the market can change so there is a gamble.  

As a last note, holding out for appreciation is akin to gambling, but I think you are right and was saying over a year ago that Augusta was undervalued.

In the research I've done on Sub2 deals (which led me to conclude it's not the right strategy for me, but your mileage may vary) there is Federal Law pertaining to "Fraudulent Concealment" - and the potential of having a 'Due on Sale' clause triggered is much less worrying to me than committing a felony.

But there is nothing fraudulent or illegal about you verbally declaring an intention to the seller (not the lender) and then changing your mind down the road.

If I ever run into private money I will do my best to make that work but private money seems very hard to find, but hard money on the other hand seems like a big gamble especially with my lack of experience investing.  

They gamble and use stamps to place and pay their bets to each other (among other things).

Although some newer companies do a great job, it will be more of a gamble to hire them than if you choose a company that has been around for a while and has a lot of satisfied customers.Last but not least is the affordability issue.

There is a good chance of appreciation in the next couple of years although of course we can't tell for sure so it's still an educated gamble.