Just like gamblers about their big wins and not their losses.

I'm not a gambler, after all :) You can cash flow in the expensive areas too with a bit of forced appreciation/value add ... it is tough but not impossible.

That's like walking out of Gambler's Anonymous and heading straight for the craps table to celebrate your passing the class.I know Adelanto has the whole weed thing going on, but I can't think of any reason to ever own units in such a horrible place.

Not sure on the income requirement.. in the states as long as your paying tax on gambling winnings you can be a professional gambler and use that income for loan purposes.WElcome to BP.. hope you make some great connections here.

Sorry, this may not be the best example but I am a degenerate gambler but I tend to make references to what I'm familiar with.

I used to be a stock options trader and a semi-professional Blackjack gambler, so I know the importance of money management and determining your exit points before you even enter the investment.Build a system, back test it, use it and refine it. 

I find myself jumping in to basically repeat what @J Scott said: if you fancy yourself a gambler, buy for appreciation, but for me, I'll go to work every day to make that cash flow.True enough, monetary policy, NIMBYism, tech clusters, the "creative class", and warm weather are all memes of the day.

One of my friends owns a couple of condos in Vegas and, although he's doing ok on them right now (I didn't ask for exact numbers), his main concern is that Las Vegas is a one-trick pony with regards to being reliant on gambling.Normally, that's not a bad thing, but these days a lot of the high-limit gamblers are not going to Vegas anymore, but to places like Macau.

@Steve McRory I'm so looking forward to more of this "Creative Financing" so more risk takers and gamblers can buy houses they can't afford, then I can buy them on the cheap in the next downturn.

Here are all the STR regulations: https://www.austintexas.gov/strIf you're a gambler, you could try it and see if the state overturns the local regulations in the next session.