Then he bet me that he'll be there a year, and if he last that long, I'll lose the bet.

However, I think bets thing you could do now is assess what your long-term investment goals are. 

You can bet that purchases I make from here on out will definitely be going through a much different qualification process!

I’m not saying this to brag just to say that when you demand a months rent deposit, you can bet I’ll argue against that lol.  

Its educated gambling..... and you may hit a grand slam...or you may get punched in the nuts...... its personal decision on your risk tolerance.Sometimes that huge leap of faith and "screw it, I'm going for it" can reap huge rewards....and sometimes it doesn't.For every "I bought it sight unseen and its doing great", I would easily bet there are dozens that have been totally screwed...some of them don't even know it yet.

I would bet that once you get an attorney involved they will lose interest when they learn the property doesn’t have clear title. 

I bet you can do better elsewhere:) Happy investing!

Even the 1% rule / test / whatever is a dream.Your best bet is to throw out all rules of thumb like that and learn what the averages and norms are for the market and price range you're looking in.

After a few hours I decided that the USDA Aggricultural loan would be our best bet.

I'm not sure if you're interested in joining, but there are a few around town that seem to be the best bets.