It sounds like a dice throw to me, and I hate gambling on factors out of my control.

I attended a GO Zone promotion in the UK.

She may not but it is not in your best interest to gamble once a red flag has gone up.

No it doesn't make those choices correct when gambling.

Exactly right,Appreciation=Gambling  To be honest no one has a crystal ball and knows exactly what the market is going to do in the future.

And then used cash from the last owner-occupied house (in the UK) to buy another rental.  

Its super walkable, safe, architecturallly beautiful, there's great food, constant source of tenants due to the universities...I am not familiar enough with the other neighborhoods of Providence to take a gamble there yet, but am interested in studying Cranston.

Hi Everyone, Sorry to jump on this thread so late but I found this when researching the potential of buying a log cabin in Gatlinburg.We are from the UK and fell in love with the area on Honeymoon and have been back many times.

Our agent is saying that there is pretty much no data to estimate what the appraisal will come in at, so it is completely gambling without this contingency in.

This also poses risk for short-term mortgages or ARMs.If you're going to hold rentals, my suggestion would be to set a longer-term time horizon unless you feel like gambling...