We all lost out on that deal and the seller gambled that my client wasn't going to lawyer up. 

I have had doctors and lawyers rip my rentals up so its always a gamble! 

for a 1031 exchange, it needs to be real property being transferred to other real property in an amount equal to or greater than the original amount.you can't "1031 exchange" dollars earned from wholesaling, stock trading, gambling, etc. into real property. 

Account Closed Since you're off-shore remote, it might be a good idea for you to look into partnering with an investor(s) who is local to the market(s) you're interested in. 

In my experience I've never even considered the thought of gambling for short money, so I've been wrestling with this idea for about a week.I do take calculated risks with my own money, but I'm not so quick to do the same with an investors capital, no matter how much or how little capital is on the line.

(gambling if you will).

In part, split urban areas like Philly take a lot of gambling in regards to safety concerns and appreciation.The urban gentrification bandwagon is something that tempts so many of us east coast folks.

However since she hasn't figured out how to save yet might not be worth the gamble.

Without the background education "gambling" is a better term than "play" although they both amount to the same thing.

So you're gambling on the future, and in the meantime you're a landlord (although obviously you have experience with that).You could do some rehab, but the problem with putting lipstick on a pig (if you'll pardon the crude expression) is that you have a good chance of picking the wrong shade lipstick.