That is a losing gamble in my opinion.I agree that a recession is in our future, but I don't think it will be a house buying opportunity.

Couldn't pay me to gamble on the outcome of that mess.

As an investor buying at these prices and taking a negative cash flow loss each month and praying for appreciation is not investing its gambling.  

Current Flood Zone risks in Tampa do not look good for those who Gamble with political opinions and do not understand the science of your Risk of flood. https://experience.arcgis.com/...

I have always thought that was a gamble not worth taking, and it is even more risky in this time of rising interest rates. 

You just don't know if your investments will pay off and that is the gamble.

It could appreciate but I consider that gambling.

Beyond that... yeah, it's a gamble.

Don't get me wrong; there are plenty of issues/problems/quirks that old houses have that new houses don't, and an old house can obviously have hidden problems and big repair/maintenance bills too--which is why thorough due diligence is fundamental to REI...but, the point is: a brand new house is not a foolproof solution to repairs/maintenance headaches (and in some cases, a brand new house can be a much bigger gamble than an older house).This is a particularly important lesson for inexperienced investors, who tend to be the most prone to "shiny object syndrome" (the tendency to let nice aesthetics distract from real, underlying issues).

Without that you really have no idea what the tenant is like, so its a big gamble.