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.

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.

@Jesse Wixson,Purely my opinion...Investing for appreciation is speculation (read: gambling). ...and equity doesn't pay the bills. 

@Pat Brown,Investing for appreciation is known as speculation (read: gambling).

Other then a few long time acquaintances that are Realtor's I've not gotten any feedback from emails I've sent to other Realtors...they where personalized so as not to appear to be spam...in fact I did diligence on the ones I emailed so they where definitely tailored.  

The position is located in Denver, CO.As for being marked as spam, our computer will auto-ban you if you do that too many times.

You should be shooting for at least $100 per month per door in real cash flow.Of course none of this takes into consideration the appreciation game/gamble or amortization, however, if your goal is income, you need to be fully educated on operating expenses and all other costs associated with owning rental units.

It's too many hurdles to jump.Are there a lot of other people getting spam from PMs?