Judah, i would rather go with the numbers, if you do them right you know it will work, taking a gamble on how you feel about a property is very risky, you could loose a lot if your not careful. i do agree with @Marvin McTaw, there may be other ways to unlock the value of a property if your gut got you to buy the place and its not quite working out the way you first thought. if you know that an area is up and coming and could raise the value then that would be going with your gut feeling and hopefully it works out, but again i feel the numbers and research of an area before you buy is the way to go.

These will all be walking distance from the property.My hope would be that the chance for appreciation would be enough to make the lower numbers make sense, especially seeing how property values have risen in the surrounding neighborhoods where the walking path is already completed.My question is, is it worth the gamble to solely rely on future appreciation to make the deal make sense?

It feels a bit unpredictable, a bit like gambling. 

It's a bit of a gamble.

If people want to gamble that prices will continue going up, why not let them give you money to do it?

It is EXACTLY the same as if you throw mailers in the wind and where they land they will land.It is A GAMBLE!

You make the money when you buy, not sale the car; similar to when you choose the tenant out of several applications, your good tenants must be screened when they come to view the property.Regardless, it can be a gamble sometimes.Best of luck!

To be fair, this is more of a gamble and there are higher risks (but also higher rewards).

Since there is no way I can do conventional financing, I joined BP to learn more about creative financing, wholesaling and other types of investing that I can get into with very little cash and or assets.I do have a small amount of cash reserves to work with but absolutely can not gamble with it.

I have been investing in real estate in both the UK and USA since 1998.