If you want to gamble on appreciation just go to the casino and put it all on red or black at the roulette table. 

I feel as if this investment might be a gamble with this open permit, considering it most likely has to pass inspections before the permit is closed.

I feel as if this investment might be a gamble with this open permit, considering it most likely has to pass inspections before the permit is closed.

Of course, you can also just gamble and go with the cheapest PMC, but you'll usually get exactly what you pay for.

but in my view it makes a relatively "safe" investment in cash flowing real estate into a gamble on appreciation.    

I have been getting very immersed in real estate this last year.

So as far as the percentage to compensate them - that really depends on who is doing what and for how long. 20% of a deal that will only get $10k of profit at the end isn’t very attractive - but that’s the gamble you take with equity.

I am an attorney and the goal is to leave the law or just move to a career where I take a paycut but have more time to immerse myself in real estate.

However, as I become more immersed in Bigger Pockets I’ve concluded whether the invested cash can be returned is the most important factor in how most underwrite their investments.

Otherwise, it sounds more like gambling than investing.