Bidding on the first property on auction.com back in 2010, without any experience, insight or analysis in real estate or buying a property. [ Almost a gamble ]Went in all blind, with just the intention of flipping and with investment of 170K netted a profit of 54K.

I still think a gamble but maybe with a management plan it could work out.

As an investor, how many dollars are you willing to gamble?

The IRS decides to audit Ralph, and summon him to the IRS office.The IRS auditor is not surprised when Ralph shows up with his attorney.The auditor says, “Well, sir, you have an extravagant lifestyle and no full-time employment, which you explain by saying that you win money gambling.

People who know and trust you, AND are tired of the gambling of mutual funds, etc, will end up making good Private Investors for your business.

On the other hand, you may be willing to take this gamble because you are making enough money at your job that this is just a bonus.

I certainly like my position.Development is BIG time gamble but when it works boy does it work.. 

It's a gamble. 

One place I lived had a 50% owner occupancy rate, meaning 50% had to to be owner occupied.. so it's kind of a gamble, do other owners live there or not?   

It is a gamble for both parties, but a good solution if the seller has no equity.Florida homes may depreciate as some of the other sand states, like CA, NV and AZ.Offer to pay minor maintenance to entice the seller, but only 1st 100 dollars or so.