I also work offshore on a tug and barge so I’m not home as much as I would like to be to connect with investors but this job does provide excellent money coming through the front door for future investments.

I would still pursue the bad tenants and attempt to collect the $10,000 in losses but am unlikely to get it.Again, unless you have solid systems and a large number of units, this is a gamble. 

The risk-averse side of me says no way could I take this gamble, but still I wonder.So...what is your bet?

The risk-averse side of me says no way could I take this gamble, but still I wonder.So...what is your bet?

And it was zoned residental.. however it was on a free way off ramp access road.. and they had just built a shopping center one block over with a Home Depot Anchor.Then about 15 years ago One of the Vegas gambling concerns was able to lobby a local tribe and the property across the street was sold in what was and may still be the highest priced real estate transaction in Sonoma county at 230 million..

And it was zoned residental.. however it was on a free way off ramp access road.. and they had just built a shopping center one block over with a Home Depot Anchor.Then about 15 years ago One of the Vegas gambling concerns was able to lobby a local tribe to establish a casino.. 230 million for the land across from us..

@Mario Cuartas Hey Mario,I have done quite a bit in lower income neighborhoods throughout the years and I do understand your thought process about giving them a better property so perhaps they will treat it better.That is a gamble that sometimes works out and sometimes does not.The first thing to ask yourself when walking through the property is what makes it so bad?

Gambling addicts focus foolishly solely on the pleasure of winning.

@Devon RollisonYou want to set up a real estate wholesaling operation from an offshore location, have no experience in the field, think that 20 minutes of legal advice should suffice, and don’t want to pay for that advice?

But I guess I would be gambling on speculation and that’s not a wise move.