Now if I thought I could turn that 100k offer into 120k, then 20k of upside at the risk of 0-5k downside might be worth the gamble.

Too close to Memorial and you're gambling (e.g.

Could you take the gamble and lever yourself to the moon and acquire a lot of assets?  

But that's not all—I'm also a full-time employee at Procter and Gamble, making strides in my professional career.

There are plenty of people who buy properties that are just straight gambling (they don't understand numbers, they expect the house to just appreciate, they buy and end up putting in money every month, etc).Having someone who is doing the right work and has experience (not saying I am the right guy) would definitely be worth a piece, especially if the guy with the money has no interest/knowledge of finding good properties. 50% of a good deal is better than 100% of a huge mess up.

@Deron Gamble welcome!

This promising sentiment has ignited a flicker of hope and anticipation for a potential housing market rebound.Here is a look at the data!

That’s a huge gamble.

That said, I know tons of guys that gamble on these spreads but in my opinion (and not worth much) it just isn't worth the headache when you can get a better return with a REIT or MLP.

There also looks to be issues where gaming has expanded with a bailout in Delaware and financial issues in other states (granted bankruptcy is very common even with successful companies as Caesars globally is doing right now) but the point is you need much more than just gambling.