If you were really an appreciation gambler you would have gotten in during the recession.  

I don't have money to invest to buy a property and wanted to just be able to put the property under contract for a buyer but I'm no gambler.

But I always feel overextension of credit and frothy optimism never have a defined endpoint and lead to gamblers ruin.

If a “preferred Unitholder” is defined in the operating agreement as the investors you are calling “class A”, we’ll, then, that would mean that class A gets paid first, just like in your second PPM example.I’m not a gambler, but if I was, I’m placing my bet on these two examples saying the same thing in two different ways...

Sure won't bother the speculator / gambler.

How much of a gambler are you? 

I’m a gambler at heart and like to take risks.

Brandon / Josh often seem to call equity investors gamblers on the BP podcast (although they mostly seem to be warning newbies not to buy stupid), but for those of us looking to build wealth, who are willing to do careful homework, learn the markets, do the deal analysis and make careful strategic plays, make sure we are not upside down or outside our fiscal means, my experience to date says investing in strong equity growth markets, perhaps despite their poor cashflows, seems like the strong play.Alright, bring on the arguments and tell me where I might be right or wrong (especially as we are moving our portfolio into the larger apartment complexes)!

If I was a gambler, I would put money on me 😜 

If it is all cosmetic without any foundation issues, you are unlikely to go wrong here.Are you a gambler?