Or worse case in the S&P 500 (all a gamble I know)3) If I keep it, buy another home then I guess I can sell it in 2-3 years and not pay capital gains on the appreciation but if I make say $175 a month cash flow (after PIPI, 6% maintenance, 9% vacancy, no management as I would manage it while I was local) in 3 years the roof (partially) will for sure have to be considered a sellers concessions which would remove a chunk of that equity/cash flow I just built up but if the home goes up in value that could negate that.Current monthly is $1650 (that includes HOA) - Would rent for 2500Taxes are low (based off 215k purchase price) but im guessing if I convert it to an investment property and remove the homestead it will jump up to the new appraised level?

Everything I'm reading is this housing shortage has been a long time coming and that Covid/low interest rates ignited the issue.

I'm taking the gamble that I can finish the 6th unit and get the zoning modified somehow to further increase casflow.

They just change the subject and the latest story is that, "We took a gamble and it didn't work".

Versus doing one large building, don't want to take the gamble, thus we will stage smaller buildings as they fill up.All units will at least have one 12 wide x 14 tall (clear height) panel door; 16 foot eaves. 

Not because both are gambling, but because both have the same definition of what a loss is, and both have the same rule for avoiding that loss.Question:  If you sat down at a Poker table with a stack of chips, and after the first 5 hands that stack was cut in half, how much money have you lost?

C) If I want to gamble on consumer sentiment, which is what I consider all publicly traded equities, than I will at least gamble in an area with better appreciation potential.C is the biggest reason.  

I wouldn't expect it to be lifted until 2022 but hopefully I'm wrong.Anyone investing in rentals in C- properties in NY EVER is taking a huge gamble.

“White people need to ignite their racial identity and rain down suffering and death like a hurricane upon zionists.”

The more you filter your list the smaller your list and the less chance you have to make a deal.Lists are just an other word for "gambling".