Taking a little bit of a gamble that the property won't have any major damage, but they've been good tenants so I don't expect that to be the case. 

Here is my response to that question:I don't go to casinos to gamble.

I've considered waiting for the auction and bidding there for the clean title, but I'd rather get it at a fair price than gambling on what would happen at auction - I've never bid at a foreclosure auction, so I don't know the mechanics.

Lead / Deadwood is further north and has gained popularity for adults due to gambling in Deadwood and is a good winter area due to Terry Peak skiing and snowmobiling.

Long story, her husband thought real estate investing is gambling and speculation, so they always lived in a SFH.

It's a gamble, but it is what it is.

You gamble the building will be OK with whatever you agree to and Seller gambles your deal is better than what else could be had, or not.

@Richard Gamble and everyone else.  

I like the huge tax advantages and passive income, BUT, even though you are drilling in areas where oil has been found it still seems like a huge gamble to come up with nothing.

That I could quantify the value of paying a little more early in the gentrification stages, that property went up in value over 100K the first 18 months of possession.What's going on in this area of Indy I can't seem to quantify it other than some people are buying $40k - $80K properties, tearing them down and building new, some are doing gut rehabs with a change in floor plans, and some are buying the $60k-$90k property putting $30k into it and renting it out in hopes of the spike.When I see the land for these lots are valued at $4,000 - $6,000 depending on lot size, that's a big gamble to teardown and scale that $40k - $80k property purchase to the $250k - $300k properties that are being sold on some of these deals.