The gamble is that the outcome hinges upon the courts discretion and it’s rare to see specific performance unless buyer can demonstrate that monetary damages aren’t enough to make them whole.

(e.g. peace w/ Israel, gambling legalization, etc.)

Purchase price: $690,000 Cash invested: $172,500 Took a gamble on a larger single family home in an up and coming master planned community.

There is a gamble there that the second appraisal comes in at or below the first.

If you invested $50k or $100k would that $10k or $20k be better investing it in a lower risk asset or continue to take the gamble of red vs black?

At any rate it is possible, but depending on your appraisal it could be a gamble

:Syndication multi-family investments are riskier and have less upside than gambling in Las Vegas.

@LaTonya Clark “One  can’t tell but I do know part of me is willing to take a chance”…You make it sound as if real estate investing is no different than gambling….

I think it's a gamble for someone 2000 miles away - could do well or badly.  

They gambled, and lost.