That means insurance, like casino gambling, is a negative expectation bet. 

Nobody knows the future, but I wouldn't gamble on price growth in 2023. 

If you time it right you can make good money doing this, but its a gamble for sure. 

Kudos to you for having a plan to get the units occupied fast; but it was a gamble.

But at that point, you're (somewhat) gambling on appreciation, which you may or may not be able to afford. 

You should contact @Richard Gamble on BP - he and his wife have rehabbed several properties about the same size as the house you are purchasing - to me the estimate seems low for a 900 sq foot house.BTW - Just had lunch again at Gus' and it was even better service than before.

@Matt Scott  your being very much a contrarian on how most of the BP investors think and act.most of them their tag line is "cash flow is everything appreciation is gambling". 

Also, many of the homes in the North Richmond area are pushing 100 years old, so maintenance is a gamble.

I write authentically and transparently and people relate to it: that's my entire strategy. 

It could appreciate but I consider that gambling.