To gamble say$1,000, maybe.

Bryan Gamble Yes you can create a LLC as an umbrella for you and your team.

I'm not certain it will be the same this time but why gamble when there are other markets which haven't had such a big run up nor have had one of their main job producing industries take a major hit?

Insurance is a gamble.

You are gambling with a solid cash flow from a year round rental or try to really heat up in the summer and maybe the trailing months in between. 

I've also read a little about the 50% rule...can rent be used to cover these expenses or is that a gamble?

Not sure of your situation but I'd gamble a $100-$150 investment to have some junk removal people come clean it up a little.

You won't be allowed to rent back to the seller in a short sale, unless you're willing to gamble with the fraud involved, as the affidavits you sign say you won't.

I guess that's the gamble you take, purchasing the smaller liens.

Well I think we are in agreement that caution is the rule.0% equity is a gamble, look for cash flow PITI vs rent, perfect house - layout, neighborhood, not best house on the street, fixed rate not an ARM, etc.