You are gambling and making assumptions on things you have no control over like interest rates, employment, etc.. 

I was real close to trying one on the lake property here in central Fl .. but i let a top real estate agent talk me out if it .. if my numbers were even close ..and seeing how i could get the property with a tear down house on it for $100k w/ the house torn down .. then i was looking at putting up a 35-3700sqft container home for right around $200k and with homes in the area fetching a average $230-270 a sqft .. i figured i could have made a tidy profit for me and my partner  .. ..note ( even though the property was lake front , there was a active rr track right across the street which is one of the main reasons i passed on building anything there ).. i dont have a ton of my own money to gamble with and , i certainly dont like to gamble with other peoples money to the tune of $300-350k unless its a no brainer which means its not much of a gamble.. let us know if you do and please post costs and pictures .. i think its a great idea ....oh ya .. there are used ones and then there are one time use ones .. they cost a bit more but if you are worried about dents and what not then i would pay the xtra ..

Account ClosedAppreciation is gambling - even for the highly informed and educated.

You would just have to weigh this against either gambling on them not exercising their right while you start your rehab now or waiting the 6 months and then beginning your rehab. 

Kroger- 21kChildren's Hospital 15.5kUniversity of Cincinnati 10.5kUC Health 11.2kMercy Health 10.4kGeneral Electric 10.5kCVG 12.5kProctor and Gamble is at 10k.

You'll avoid much of this if you know your buyers first then find what they want, use an option, assign the option for your fee and get out of the deal having the seller contract with the real buyer.Going the other way, you can be liable for various aspects, specific performance, taking a property off the market and or dealing fraudulently, misrepresentations that can take you into all kinds of losses suffered by a seller.This strategy is good to understand as you can facilitate a deal from time to time, but doing it as a business when that's all you do you can have issues with a real estate commission facilitating sales without a license.

Many of the so-called "fraudulent" activities are things that honest investors on Bigger Pockets do to make money, such as flipping, wholesaling, subject-to financing...

Hello BiggerPockets, Would you deem it a gamble to take out a 1,000$-3,000$ personal loan to run a marketing campaign for your business via yellow letters, bandit signs, driving 4 $$, etc?

I wonder if we could come up with a work around for that.The appraisal seems so much like a gamble.

A lot of GC''s have time and money tied up in there business and would rather be hired for a job where they know they will profit rather than gamble on a property that could not only lose money, but also keep them and their employees away from other paying jobs.