Also that gap in title records is a huge gamble, which is why the title insurance company won't touch it.

Not sure, because at that point you're speculating appreciation, which is more of a gamble than investment.Refinancing to break even and using the cash to by a cash flow property may make sense.

Maybe if you thought it was going to go up to 450k it would be a good deal but that is essentially gambling.

If your history shows that you haven't used it correctly in the past, why should they take a gamble on you now?

@Wilson Tang I would need a bunch of research if I am going to gamble 100k, it is good to equip yourself vs believe what others say.

Until you have the keys and your name as owner, it is all a gamble on whether anyone will want to bid on a project that might fall through.

If the agent presented you some type of fraudulent documentation or fake pay stubs you may have some type of claim.

One issue i see with doing it the way you're thinking is that in our market in Miami the gamble is much more risky, with the crazy high rents in those areas you mentioned so you have to make sure that area can be constantly rented out, otherwise you're gonna have to bite that monthly lease payment.

I have to admit that I started second-guessing my gamble of buying 1/2 a house for $130k and having a "partner" on the other half who didn't know that the house was on these two lots.

,My Answer would be -  In today's market if i want to buy #1 Reason would be Low Interest rates (knowing exactly when to buy can be a bit of gamble.