It could be a pretty big gamble if they follow through.

I am "gambling" my money that it will be in precious metals and food.

Naturally you'd buy based on good fundamentals and the gamble is just on the startup costs of furnishings, vacancy, etc.

This could be a fraudulent act from an outside party so best to confirm the cause of the point drop.  

These properties there is almost no cash flow but they are either holding for retirement, living in one unit and renting three going FHA, or trying to buy high end quality areas hoping for rent growth and appreciation to eventually catch up to a decent return.Too me that is gambling and not investing yet the herds do it to their hearts content.

Don't gamble.

"It's not fraudulent, but it's certainly deceptive."

Everyone says to do your homework but in the end some of it is still a gamble.

As I stated above, this is my current investment strategy and I want to be sure it is non-fraudulent before getting to far into it.  

The evening after payment processing, he cancelled the account, then filed a dispute for fraudulent charges to his credit card company the following day, without notifying REIPro.