The parimutuel horse track and casino, Hoosier Downs owned and operated by Churchill Downs, is a significant attraction to local patrons given the local mall is basically non-existent.

Because there is a slot for earnest money amount on my P&S agreement. 

B/C title company have recording slots .. only way they can do it early is to request a special and it has to be truly a special circumstance before the county will let them come in and record at time other than their daily allotted time.Now we would be fubared in Wayne county  ( Detroit) takes that inept county 2 to 4 months to record anything   LOL>..

We currently have the 2nd highest foreclosure rate in the nation and uncertainty with changes in the casino market.  

@Chris Clothier  posted his stats  on their company.. maybe you can find that post.Majority own 4 or less ( mortgage slots) however many own more than that.One of my vendors in another market has one client that bought 60 plus homes from them.. although he is fully engagedlast time I was on a vendor trip and in their office this guy was there working with maintenance teams and PMs.. usually financing is the hold back to larger portfolios.

The local govt has a history of corruption & overspending.Last time I was down the Hilton Coronado had shut down its casino.

Thanks again Chris Mason for taking the time, that is extremely helpful knowledge for this new investor.Al Casino , also a very valid point.

@Guy Olds well I'm kind of a go after it kinda guy lol.... i heard slot of good about yellow letters but just wondering what people are doing here in socal... your a wholesaler right ??

Purchase price: $482,000,000 Cash invested: $26,000,000 The Las Vegas property is a Hotel and Casino, Chicago is a 814 unit profile.

Some may ask why only $125k ARV, I'm pretty knew at this so I'm simply going off of what my realtor is telling me based on his knowledge of the market.)Plan would be to refi cash out and rent, clearing $240 monthly cash flow and approx $18k cash in hand.Here's the problem, the builder went bankrupt 3 years ago after building only 2 of the 16 slotted buildings.