Cashflow is guaranteed, Appreciation is gambling, blah blah blah.

I agree that is will be a gamble as to how well it will do.Also, ask the owner if they will entertain partial owner financing to keep from dragging family and friends into this risky business venture.Maybe even rent from owner for a year with right to sublease to see how it goes before committing to a purchase.

just cold call expired , its hard work makes you feel annoying as hell and its more like gambling with your time but its straight to the money. and all the best agents are listing agents anyways . focus on taking listings

this is only a good idea if you have reason to believe that the area will be appreciating quickly, which is called speculation and akin to gambling not investing. me personally, I would rather put my money on black than bank on market appreciation. negative cash flow rentals are a time suck and money suck.

A big question is do you have the $25,000 to gamble?

It's one big gamble on the market trading sideways or up.

Also, to track spending habits - just had a prospect withdraw their application when we asked why they were spending half their income on gambling websites.

Stock picking is gambling pure and simple. 

as markets shift thought process's do as well. 10 years ago if you posted on BP about appreciation you got hounded by those that said appreciation is gambling ONLY invest in cash flow full stop..

In any event, we can continue to disagree about this and I look forward to the SEC's opinion on it.Syndications are investments for multi millionaires with plenty of money to lose gambling on real estate.