The seller needs to give the bank first position, which means if your gamble doesn't pay off, the sellers lose their home.  

We went with a gamble and list it at $135,000 and the day we put the sign out front (and before i actually hit "active" on the MLS i got an offer for $138,500 and then the next day it went live and we got two more offers both for $140,000 with no seller closing costs!

My husband was offshore making ton off money and he got laid off right after Covid hit.

So it was a little bit of a gamble but we'll see how it plays out in the next 10 years. 

However, if you see property that is directly in the path of progress where you see a 2x or 3x return on your money in the next 2 - 3 years, I'd say that's worth taking the gamble over having consistent income or growth from another asset or stock.

So I get what you're saying - but again, none of the CPE or education I've taken on this would line up with that as the purpose of this program.I'm just not willing to take the gamble on that interpretation.

and refunds to guests2) Hire amazing people - cleaners, handyman, recruit some neighbors to help fill in the gaps, & self-manage or hire an offshore VA to manage the property if you'd rather make yourself rich instead of making a local property manager rich (more on that here: https://www.biggerpockets.com/... )And make sure that your cleaners and handyman are not only doing a top-notch job of keeping the house in pristine condition, but they are also reporting to you (or to your PM or to your offshore asst) every little thing that needs to be upgraded or replaced so that you can stay on top of it and take care of things before you hear it from your guests in the form of guest complaints and bad reviews.

Fractional gambling.

If you win big the first time you gamble you are likely to be hooked.

We have a mirror tax code that follows the IRS; however, we have the ability to offer "offshore" type tax incentives given that the tax revenue stays in territory and is not shipped to Uncle Sam in the states.