He was thrilled to have enough cash for a security deposit on a rental.

Hey guys - I'm thrilled that I found this website and I'm quite astonished at all the information that it has to offer!

There have also been a lot of cranes in the air in Miami recently, with overbuilding likely....being that occupancy is probably 2-3 years out, it’s a definite gamble on the market, and the influx of South American money which saved the condo market after 2008 is no longer strong.

Another part of me feels like that is still a bit of a gamble and that I may be better off working just as hard at something already proven, something where I can come in and work with others.

I work with idiots that gamble in the market as my full-time job, and I've seen people do some crazy stuff and lose piles of money in days.

So investors tend to go for the cash flow properties as the cash is more or less stable vs relying appreciation which can be a gamble

The power in your first deal comes from KNOWING what ever you did, is no longer a gamble.

Secondly, in looking at claims overall, very few losses completely destroy or "total" a property, which, if your angle is to carry what is owed on the property, in hopes the lender will be paid, is a very big gamble to take.

  " I am buy and hold forever"   "I am a Cashflow investor"  " I don't expect appreciation"  " Appreciation if gambling I am not a Gambler "  "Appreciation is icing on the cake "  these are the most common things beat into investors heads these days. and then regurgitated.. 

I'm starting to see most people seem to be playing the market in regards to appreciation, which in turn is essentially gambling in my eyes (although, some markets require it for a profitable outcome).