Its a gamble, and the quality of these types of things vary, so we'll see.

Way too much gambling/luck aspect to it and even when you win for the year the tax rate is awful compared to long term gains. 

Where the parties to a venture join together capital or services with the intent of conducting a business or enterprise and of sharing the profits and losses from the venture, a partnership (or other business entity) is created.

With the virus, the Dollar rental branch closed in my town, and being off grid, I didn't have any utility bills for Enterprise.

If I wanted to do high stakes gambling I would go to Vegas and get free drinks not pay so gurus to blow smoke.

Let's assume the property has $313,000 in NOIValued at 6.26 M 5% cap loan $4,695,000P+I annual= $413,400> NOI5.216M 6% cap loan $3,912,000P+I annual= 344,460 > NOI4.47M 7% cap loan $3,352,500P+I annual= $294,708 <NOI cash flow + Are you a gambling man? 

4 doors if managed right can make you, $350,000 over 2-4 years. 2 doors  maybe  $200,000 in 2-3 years.Little gamble. 

I told him I'd gamble that there's no one who even knows that restriction exists to enforce even if an heir lived in the area...the way to legally eliminate them is either get the beneficiary to record a new document (possibly a QC deed) to eliminate their restrictions, or pursue a Quiet Title if you think the person is no longer around or their heirs are not identifiable. 

So many folks will scream that buying negative cash flowing RE is "gambling".

It was definitely a gamble, because I was assembling furniture up until the night before their check-in :o I only had an opportunity to advertise on FF, because it was the first place we posted and it got enough inquiries right away.