I have no desire to lose money monthly to gamble on appreciation, if I want to gamble I'll buy a lottery ticket.  

I feel the market is gambling.

In my experience the rapidity at which corporations are off-shoring jobs is a far greater threat to domestic job stability. 

They tend to have affairs and gamble.

I don't want to gamble that I'll be able to rent it out at the higher rate.Thanks Frankie, At this point I can't tell if there is any value add stuff, because I've only seen the outside which looks alright.

I also gambled on very bad section 8 and lost thousands.

.$10k/year in negative cash flow verses your appreciation....your gamble and your call.

@Ricky Si  what you don't realize is that west coast and east coast title searchs are 180 degrees different from each other.on the west coast most of the big title companies their title plant has been moved off shore and its all digitized.title reports on those states are still done by hand and in person ergo you have to pay for them.you can do some work yourself but its not west coast process by any means.

For work, he inspects offshore oil rigs which makes him an absentee owner.

Comparatively, a duplex anywhere near Sydney is around $1,000,000 and rents for around $4,000 per month — no possible way to cash flow so you’d be gambling on appreciation.