No way to make money on that deal if there is no equity and if it is underwater.If you could get it for $0 down with her carrying the mortgage, and it would cash flow well, it would still be a gamble to consider but the risk would still be on her. 

If you really want to gamble your risks would be lower at the race track.

Try walking into your bank and asking for a 30 year loan to buy some bitcoin lol.Personally feel like bitcoin is nothing more than gambling. 

You can somewhat 'play' with that scenario by upping your appreciation input, but to me that is gambling if you push it too high. 

I currently have about 100k equity there.2016 capital gains income: 02016 business / gambling income: 25k2017 capital gains income: 152k2017 business / gambling income: 28kChecking account balance: 100k+Credit score: 730Investment property price range 165k - 200k.I can get letter from CPA stating I've been in the same business since 2010.I'm being told they will take either last three years of capital gains or last two years of gambling. 

With smaller towns there is always that gamble. 

Many say that buying for appreciation is simply gambling.

Unless the property appreciates significantly beyond the average 2-3% which is a gamble something like this does not seem to be a great value.ThanksPesi

(I.e doesn't seem like an uncontrollable consequence due to the tenting).

I am strictly buy and hold; anything I buy today has to be really appealing-not going to gamble on any dogs or overpriced queens at this stage of the market-and certainly not counting on any appreciation for the next while.