@Eric Gamble We were beat to the deal.

@Mike Dymski  UGH I saw this play a few times.. over the decadesHey we will buy it because in 2 to 3 years this will happen.now I think everyone knows that I am an appreciation guy... but that mind set is really gambling in my mind.. maybe not quite as bad with these low dollar rents.. but I have seen guys already in our market get stressed thinking 1800 rents and the build cost to either build new or reposition rents need to go to 2200 and that did not happen.. thereby caused stress to the partnership and in a few instance lenders getting tough as the loans are not meeting DCR's..  

Depending on the rental market there raising the rents could be a gamble.

It is a gamble but it's my passion. 

That area is a big gamble and a lot of things would have to happen for that area to really turn around.  

If you're purely speculating on appreciation, there are better cities to gamble your money on.

Posting about fraudulent RE transactions on public forum is not a winning strategy.

BLINKERS OFF GUYS  It sounds like your earnings are gambling earnings so I would strongly recommend opening up an llc or Corp and pay yourself a k-1 income.  

that's for him to gamble on.

If you do not have those and still buy, you are gambling ... you may win, you may lose, but keep doing it and eventually the odds will catch up to you.