Every real estate deal is a gamble and has the potential to have a "mess" become time consuming and expensive.

I understand in your market you are forced to gamble on appreciation. 

s show up, seize your holdings and haul you away.Not a gamble I would take, but suit yourself.... and no, people don't accept my word - and I don't want them to.

I would not compare it to Vegas style gambling but I get your point. 

Best partners are people that have been doing it a long time and have good relationships with local government officials that are under pressure to increase housing options.If you have all of those things you are just gambling that the market will stay strong long enough to get your return.Be careful with the 'we just sit on it for a few years'.

I'm sure my message when to your spam or something so you probably never saw it lolI have done city projects but they are just so horrible with inspections and everything else so I have shifted my focus completely to the suburbs only now and so far it has been much better, hopefully it continues that way!

It's a gamble about parties, unit damage, etc. 

That seems like a surefire way to piss them off in a review "I paid for this house, and now I get to be spammed?"

It's not rocket science, but you also don't want to gamble with your liabilities either. 

For example I just sold a house, made 240K in two years give or take after expenses, and can now roll that profit into index funds, turn key properties, etc.Yes, appreciation is a bit more risky, but I wouldn't call it gambling if you know the economic fundamentals.