The real Conservatives are thrilled when the government's corruption is exposed and are happy to put those willing to do it in charge.

investment in the stock market which is akin to gambling IMHO, buying a business which comes with its own set of issues...or real estate...and of course...working for someone else...i have a finance background...tried the stock market..got burnt...looked at many businesses/franchises to buy...nothing made the cut....plus it was overwhelming to buy a business...i also have a full time job in San Fran for a large large company and i hate the thought of going to work.. and now tht i have my properties i deal with one property manager...who deals with tenants etc...i love the independence and cannot wait for a few years before i can afford to quit my job...i think it is the prospect of being financially free that gives me an added rush...

members of this forum told me the buyers can get their own insurance (including bill), but i couldn't find an insurancecompany to do it...i had to hold insurance fof the buyers..this is not ideal, which is why an instituinoal note buyer would not be thrilled about buying a contract for deed...there are other reasons as well

I know that I would be scrambling to find all the evidence I could find for any gambling losses that I had.

Putting your hard earned money into something that you don't completely understand is gambling and definitely a recipe for disaster.

Don't gamble with what you can't lose.

As for the rehab, we budgeted $25K and the final number is right around $23,500, so I am thrilled with that.

Are we just gambling with the EMD hoping we can find a cash end buyer (investor) and close on the property within a week or two??

I agree with both Jason and BryanA that you don't see as many flippers here these days because many got wiped out on their gambles in the bubble burst.That said, I think it is harder to flip now tehn tehn because of only one factor: Any property you purchased back in 2004/2005 could be sold 3-6 months later for a profit of $50k to $100k without doing ANYTHIING to it.

If they're half way decent tenants, they'll be thrilled you care enough to come fix things.