Gambling is short-term speculative play; that's flipping,  that's Vegas slots, sports betting.

The agent herself was not local and this was a low prices listing she wasn't thrilled about working.

I used to own three rentals in Seattle but after 2012 when the prices got too high I realized that sophisticated buy-and-hold investors invest where the numbers make sense with cash flow, not appreciation (gambling).

But knowing what you are doing should be a part of investing anywhere -otherwise it is gambling and not investing. 

Check out the security deposit section of this handbook. https://www.courts.ca.gov/documents/California-Tenants-Guide...As for the turn around time, I wouldn't be thrilled if my PM sat around twiddling thumbs for 10 days.

I would be thrilled to explore potential collaboration opportunities, share knowledge, and learn from your collective experiences.

The longer you hold onto it, the more your costs add up, the more costs you have to recover, and the fewer funds you have available to use to recover them with.Think of it like playing Poker (not because it's gambling...REI shouldn't be gambling). 

I am thrilled with having made some progress in my journey, even though it hasn't ended up in a deal at this time.Thank you again to everyone who took the time to respond!

Hey BiggerPockets Community,I'm thrilled to join this vibrant community and connect with fellow real estate enthusiasts!

I have so many people who bought a parcel at tax sale, so thrilled with the deal they got and then when they bring it to me, I usually find development constraints that make it clear why the last person abandoned it.