It's really hard seeing how well people are doing with cashflow properties :(Other assumptions:- I have the funds to buy here in the Bay, although I don't want to gamble on further appreciation, I really like the idea of cash flow- Other than building wealth, another main goal of buying an out of state property would indeed be diversification from the stock market, which is wise in my opinion considering the crazy run of the past 7 years- I am aware there are other passive options such as investing in debt deals via crowdfunded portals, but those to me just seem a meat marketplace, plus you don't recoup any of the advantages that come with leverage, tax efficiency and building equityThanks

Paying market value hoping for appreciation is gambling.

There are plenty out there that claim that cash flow is the only possible way to make money in this business, and that all others are gambling ... you will hear it all over BP, and frankly I find it to be a ridiculous statement based on the last 15 years of investing in a desirable (but expensive) market ... that is through one of the worst housing recessions since the great depression, BTW.

That's not to say money can't be made in that market but it's more similar to gambling than investing imo.

. - In my opinion, speculating on the market is a gamble.

At the end of the day, buying for expected appreciation is always a gamble, no matter how much research you do, while cash flow is there from day one, and generally doesn't change dramatically.  

It would have been cheaper to take some DD training then gamble away their savings.

I think Detroit is a gamble and has never been on my radar, but I'm thinking since it's not on a lot of investors radar that it might we worth taking a second look and some real due diligence.

Originally posted by Account Closed:@Shal Patel Did you send someone out the next day to check the AC and if not the tenant can hold your feet to the fire in court and yes charge them the extra three-month rent and Texas judges don't play games if you want to take the gamble? 

Or are they gambling that the understaffed SEC won't prosecute?