The gamble is don't overpay at the auction.

Have you seen a documentary called The Retirement Gamble?

If you place $20k bet on Mayweather - and McGregor wins the fight... you will win your hedge ($1,367) but lose the $20k... ie how gambling works.I am not sure of Bovada and maybe their rules on betting but straight line sports betting is binary

Multi-Family (40 units and up)Leveraged (Investors put up max 25%, Bank finances the rest) Value-Add (Finding ways to increase property value and rent)Cashflow Positive (Cashflow positive once stabilized) Refinance & Hold (The ability to pull out 50-100% of our initial capital while keeping the property)Skin the Game (Enough so they're not just gambling with other people's money)  The above seems doable so far by going through a syndicator, although I haven't seen many who want to buy and hold the properties for cash flow and allow investors to pull out their initial investments after a few years.

The whole idea is to get as much money in origination fees as possible to keep running the company and for them to pull out and use for trips, lavish lifestyles, rings, gambling etc.

I am not saying these cases are in any way are applicable to your situation, but I am rather just providing them as information so you can see how Tax Court judges think through this (emphasis mine).Offshore Operations Trust (various factors considered)We must first determine a proper valuation for the three story mill-type building previously located at 33 University Road, Cambridge, Massachusetts.

I'm testing different areas of Houston and as mentioned, the Willis house was a gamble to buy as a rental. 

Most attorneys prefer to set up separate LLCs, and land trusts as well as Corporations going to NV etc. some even advocate that going offshore is best.

Real Estate Investing Offshore!

In the end, it is always a gamble.