Drink only water while gambling!

Anyone working a regular job who is living paycheck-to-paycheck or  month-to-month, and without any substantial savings is taking a huge gamble. 

While I am not one to gamble, I do think I have a lower risk aversion than others. 

Throwing a dart at the map in a market you don't know intimately and putting your money in the hands of complete strangers thousands of miles away seems like the greater gamble in this situation to me.

I'm not gambling on appreciation, but I do assign a value on the benefits of owning and holding real estate outside of cash-flow as well because there is a value there and it isn't the same in every deal.

Personally, my friends that are still APSU students live off-campus in apartments that are on the border of the Sango Area.

I'd Rather go to Vegas and get a good meal and entertainment if I want to gamble ;-)Jim

I asked Elliot the same question, and he forwarded me over to the following link: https://www.biggerpockets.com/forums/12/topics/715057-out-of-state-brrrr-stepsSome good information there that speaks to having more equity in your deals and not gambling on a major renovations with the assumption that a refi is going to go through.

Unless you're local and self-managing (and can handle all these little things yourself), all those buildings on Noble (from the EC border all the way to Mayfield Road basically) are tough to make work.

Being that it's right across the border, I'm sure you're bound to meet some Windsor-ites and have the opportunity to grow your network.