I called several of his references, and they had nothing but positive comments on the guy.We decided to take the gamble and negotiate a contract with the guy.

The only possible cash flow strategy I can think of is to gamble on rent control cities by buying out tenants to make the numbers work (much harder in SF now).

The only way for you to truly make money on this property is through appreciation, which is essentially gambling, but a lot more work. 

A lot of GC''s have time and money tied up in there business and would rather be hired for a job where they know they will profit rather than gamble on a property that could not only lose money, but also keep them and their employees away from other paying jobs.

Account ClosedAppreciation is gambling - even for the highly informed and educated.

You would just have to weigh this against either gambling on them not exercising their right while you start your rehab now or waiting the 6 months and then beginning your rehab. 

Kroger- 21kChildren's Hospital 15.5kUniversity of Cincinnati 10.5kUC Health 11.2kMercy Health 10.4kGeneral Electric 10.5kCVG 12.5kProctor and Gamble is at 10k.

Hello BiggerPockets, Would you deem it a gamble to take out a 1,000$-3,000$ personal loan to run a marketing campaign for your business via yellow letters, bandit signs, driving 4 $$, etc?

I wonder if we could come up with a work around for that.The appraisal seems so much like a gamble.

If your units meet the qualifications of no-fault eviction, I would start the termination process over (because may 25 was so recently I would not gamble and try to amend existing notice that may be found not to be compliant with ab1482).