., gamble) property, then chances are you are going to walk away from it and lose your investment.So, focus on cash flow, cash flow, cash flow.

You might already be doing this so if you have 100K in pure gambling money, then that's a good entry-point for So Cal real estate.

Placing tenants is almost always a gamble.

You are gambling and it could burn you. 

I think appreciation is akin to a bet or gambling.

Put simply, not every investor has the LUXURY of gambling on continuing appreciation while they'd be haemorrhaging dollars every month with their 75% LTV mortgage (let alone be able to pay all cash in such expensive areas).

Those that do it are cash hoarders that are gambling real estate will not take a drop.

Search on BP and there are people who said they've never seen it happening, so if you are one of those gambling type...If you are investing with a friend, a LLC maybe better so that you separate out your business related expenses and track them.If you are investing with your significant other then maybe LLC isn't needed.

It's still a gamble but you might stumble into a nice appreciation play.

In her mind she’s moving controlled money into an uncontrollable asset that may cost more money to keep up.