Speculators buy without a positive return relying on historic appreciation records to support their gamble. 

Then, the anchors asked him with all the places in the world he could have chosen as a headquarters for the company (Jamaica, Ethiopia, New York, LA, San Francisco, Starbucks' home of Seattle), why he chose Denver as the HQ.  

The difference between 2005 and now, is that back in 2005 deals were bought at a massive negative amortization, as you stated and they were purchased solely as a gamble for appreciation.

Appreciate is a gamble.

It is more how I would suggest you invest based on what you said about risk earlier.I get bored easy and like to gamble. 

I certainly can't tell you, but I will say that your chosen areas are a solid bet for rising rents.

Sec. 8 obviates the entire mortgage balance in 4 to 5 years if you rent to their grant's designated tenancy profile without deviating. they also allow you to flip the building to the tenants profitably out of the box---if you (again) don't deviate from your chosen grant authorization's guidelines & tenant parameters. their main type of tenancy features a training component.

Roofstock is really interesting and I love the concept, the only problem I have with their site is much of their stock seems like it can be a gamble.

You will be relieved once you add this.As far as fresh water, or hot water plumbing other than leaving faucets on low drip in really cold weather it's a gamble.. 

Plus investing so much and not knowing the result, for me that's gambling your hard earned money.