I think what Lucas is saying is you’re gambling if your game plan is to have a short term rental in a community of primary residents.

So basically I'm gambling on appreciation, with crappy tenants, asbestos, etc. 

Or, am I just gambling with the appraisal fee and hoping for the best? 

I have no worries about gambling my time over the higher probability it will close. 

Edmonton has a bunch of interesting characteristics i would be happy to chat about.

And even if you do, there is always a level of "gambling" involved when dealing with these properties.Disclaimer: While I’m an attorney licensed to practice in PA, I’m not your attorney.

An Off-Market Mail campaign will target people who haven't put their homes on the market but share characteristics that would indicate that they could be motivated sellers.

@Armin Trepic my advice would be two fold. 1) Having a knowledge of the stock investing, I am assuming you have a risk tolerance level as well as ability to think long term (investing not gambling) .

Mail campaigns are a good way to contact homeowners who share motivational characteristics that they could be ready to sell.

Hello BP community,While driving around my area, I came across a 3 bed 2 bath house with the ideal characteristics of a home to target with direct mail: overgrown grass, stained vinyl, crinkled blinds in the windows, etc.