As an owner, they would be able to cut a deal with a renter if they wanted to take that gamble for some specific reason (i.e. if it was january and the tenant had a big refund coming).

@Jesse Wixson,Purely my opinion...Investing for appreciation is speculation (read: gambling). ...and equity doesn't pay the bills. 

,My Answer would be -  In today's market if i want to buy #1 Reason would be Low Interest rates (knowing exactly when to buy can be a bit of gamble.

The reason for this post is I have recently moved to Orange County, California from the UK and am hoping to start a Property Management company for Single/Multi family residential units as well as vacation rentals. 

Also, counting on appreciation is more like gambling than investing.It sounds like you have lived in this place for 2 years and have owned it for at least 5?

Hey guys, 29 year male from Scotland UK.Really looking for some good sound advice from experienced members from the community.Started doing more reading and educating myself to break away from the 9-5 as i have more t...

Bottomline you gambled and won.  

Hi - I've noticed that some of the language and terminology is different here in UK. 

@Pat Brown,Investing for appreciation is known as speculation (read: gambling).

I'm considering travelling to America and looking for investors / business partner.Looking for partners / investors who may wish to develop in Scotland for the holiday home sector as well as flipping in the states and Scotland Uk.