Thats a lot of money to layout on a long term gamble .heres the problem with renting higher end homes .

I don't gamble on appreciation so if I was doing it I would look at it as more of a flip.

Insurance is a  gambling game in which the house (the insurance company) has the advantage, and it has to be that way or they would go out of business, but the player (you) sometimes wins more than you spend. 

It gets tricky at this pint because you can then ask the tenant to leave  ....and the tenant may leave based on that.......but this is a gamble because the tenant may say hey we have a 1 year lease with this property that you still have to honor...whether we are getting the housing choice voucher or not.......at which point you can simply wait and see if they fall short on the full rent (I.E.

That way when you find a deal your coach or mentor could show you why or why not it's a deal, have the financial proof of funds to back the deal, and the lender relationships to get a loan easier.If you do not get help you are stuck in a catch 22 meaning if you actually do find a deal but have limited experience to get passive accredited investors to take a gamble on you they tend to want above market preferred returns to invest.

And whether you're right or not is literally a gamble.26k doesn't seem like a very good return on a 500k+ total investment (based on what I think your numbers suggest).

Congress, particularly with tax-related issues, seems to wait until the very last minute to pass laws so people are forced to react based on what the current rules are rather than gambling on what the law will be.In 2010, people were making larger gifts than they might otherwise have because they did not know how the estate and gift taxes were going to be in 2011 and beyond.In 2012, people had to make a number of financial decisions because of the Fiscal Cliff, and many people probably ended up regretting it once Congress finally decided to pass a law and resolve the issue.Unfortunately, Congress has not learned its lesson. 

Just remember you might lose it if deals falls thru.Another tactic I've seen in hot markets is make an "As is offer"All options are a bit of a gamble for a buyer but all are common in a hot market..

So I guess I am taking the gamble.

I was willing to gamble on it back then.