If I had not won the case I would of lost money.that's crazy gambling there. :)  I've always wondered about HOA lines purchased at auction. if I follow you correctly, you bought the HOA line for $7600 and then plan on making $ off of the rent spread until the bank forecloses and then you have to give the house back to the bank?

The reality of today's marketplaceBuying a property subject to the existing mortgage loan is a risk versus reward gamble.

This that I read here, it's not investing, it's gambling.

Timing the market is like gambling. 

I'd get a good handle on risk tolerance so you're investing rather than gambling.   

This is a 1 bedroom condo that does not make sense to rent out.Purchase price: 390kRehab: 30kCurrent value: 485kWhen I say 485k, I mean that if I put it on the market for that price today then it would have 10 offers for that price within a day.So the main question is:Do I sell it now and pay the higher taxes on the sale, or do I gamble with waiting till October to avoid paying capital gains taxes?

investing in real estate should not be as hard as investing in the oil and gas industry, when folks digging a new oil well, everyone knows they are gambling 100%. real estate investing has to be seamless and everyone should work together, including the buyer and seller, you're not buying a gold mine here so the reward/risk ratio is not there, and you may see only the pain.

@Shiloh Lundahl Yup, all for market inefficiency at time 0 :)  not gambling etc. 

My concern is a while the used/auctioned car is parked in the garage, the risk of a spontaneous fire igniting in a car engine that may have been poorly maintained (ie. leaks etc.).

Flying below the radar—otherwise known as trying to be invisible and hoping the city never finds out your property is a rental—can ultimately be an expensive gamble.