If you are a gambling man, offer the birddog $500 for the deal, or write out some contract that says you will give him $100 for the lead and $500 more if/when it closes.  

Good growth Looks like Coolidge was able to secure proctor and gamble to build their manufactured plant.

Anything before is pure gambling.

@Sheila Villacampa I understand the long term gamble/play your taking.  

Yeah if your condo is negative cash flow you're spending money to service your obligation while your equity is being taken hostage with only tax advantage paper loss, equity gain/loss = gamble, neg cash flow, and perhaps a bit of loan amortization each month the mtg payment is made.freeing up that equity my be a better bet, agreed.

If they don't leave, well, it was worth the free gamble and the status quo remains the same.

Although I am unaware of the facts, I would expect that REI's explosive incident was the result of somebody not following procedure by putting out all gas pilots or other sources of ignition.

There is a ton of risk in taking a property like this on, and very little in the way of cashflow to pocket while the appreciation is gambled on.  

In this regard it's more about how much of a gamble to do you want to take on the appreciation play.

It's a much higher gamble here.