Big banks like to gamble with derivatives.

I understand that nothing beats real world experience, but I like to be kind of safe in my gambles & feel better once I have a little education to back my decisions.  

Locals that live and work these types of properties can hit these numbers all over the US mid west area not hard to do.. were people fall down is trying to do it from their arm chair in CA. or off shore then it gets a little tougher and riskier

If you want to gamble and pay as little as possible, you could just go file the deed for about $75 at the county clerk.

I bought the house last week for 20k including delivery so I figured it's a gamble I can live with.

Don’t be afraid to gamble with nothing just be smart about your bets and smart with your winnings.

Saying your tenant is paying the interest on your mortgage is like saying you can gamble at the casino when you’re ahead because you’re playing with the houses money.

In a rapidly rising market, some investors will pay more in anticipation of appreciation, but I call that "gambling".  

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).